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Diagnosing Transfer Drop

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Your question is Diagnosing Transfer Drop. Take a moment with it on the right.

Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).

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Problem

If we notice a sudden 5% drop in peer-to-peer transfers in a specific market at Wave, what steps would you take to diagnose the root cause?