Examlex
A broker executes securities transactions between two parties and charges a fee reflected in the bid-ask spread.
Resource Markets
Economic markets where the inputs for the production process (e.g., labor, land, capital) are bought and sold, determining factor prices based on supply and demand.
Income Distribution
How a nation’s total GDP is distributed amongst its population.
ATMs
Automated Teller Machines that allow customers to undertake financial transactions, notably cash withdrawals, without the need for a human clerk or bank teller.
Bank Tellers
Employees at financial institutions who deal directly with customers, handling routine banking transactions.
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