For example when a country pays its dues to the UN or IMF or when a company buys over another company for a large sum. Do they just simply ‘wire’ the funds or bank transfer?
In: Economics
In Norman Schwarzkopf’s book he mentions getting a $750M check from Saudi Arabia for the costs associated with moving/supplying US Forces during Desert Storm. He put the check on a military jet to get it to NY so they could deposit it before the weekend started and get interest on it.
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