Examlex
Efficiency is related to the size of the economic pie, whereas equity is related to how the pie gets sliced and distributed.
International Monetary Fund
An international organization that aims to promote global economic growth and financial stability, encouraging international trade and reducing poverty.
Federal Reserve Wire Network
A real-time payment and settlement system operated by the United States Federal Reserve, facilitating the movement of funds between financial institutions.
Money Center Banks
Large financial institutions that offer a wide array of services and operate at national or international levels, typically located in major financial centers.
Conventional Banks
Financial institutions that offer a wide range of banking services without following any specific religious or ethical restrictions.
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