How much is the information transaction fee of China Agricultural Bank?

Long-distance transaction fee, SMS reminder balance fee, monthly 2 yuan fee and annual fee 10 yuan are all transaction fees.

Academic circles generally believe that transaction costs can be divided into broad transaction costs and narrow transaction costs.

The transaction cost in a broad sense includes all costs that occur in the non-Robinson economy, that is, the tangible and intangible costs needed to break through all obstacles and reach an exchange.

In a narrow sense, transaction cost refers to market transaction cost, that is, exogenous transaction cost. Including: search fee, negotiation fee and performance fee.

Neo-classical economics, founded by economists such as Yang Xiaokai, distinguishes two different types of transaction costs: exogenous transaction costs and endogenous transaction costs.

Exogenous transaction cost occurs directly or indirectly in the transaction process, which is an objective entity cost.

Endogenous transaction costs include moral hazard, adverse selection and opportunism. This is the potential loss possibility that needs to be measured by probability and expectation.

According to the view agreed by most scholars, transaction cost is a kind of "institutional cost" when using market mechanism. For example, North believes that the existence of positive transaction cost causes friction in the economic process, which is the key factor affecting economic performance.