The process of settling transactions between banks. Because so many transactions take place between banks on a given day, bank clearing exists to process what each party owes or is owed in a central location so the least amount of money actually changes hands. For example, suppose Bank A owes $1 million to Bank B in cleared checks, but Bank B owes Bank A $1.5 million.
In economics, the minimum efficient scale is described as the lowest level on the long-run average total cost curve. It is also called the output of long-run productive efficiency. The minimum efficient scale is never a single level of output; rather, it is a range of outputs whereby the average cost is reduced. The minimum efficient scale differs from one economic sector to another due to the varying cost structures.
Calculating Efficiency of Simple Machines. Efficiency is a measure of how much more work must be put into a machine than you get out of the machine.In the real world, the efficiency of a machinewill always be less than 100%. This means that a machine will never do work for you.f there was no friction, the best you could hope for is an efficiency of 100% meaning work in = work out. We can calculate efficiency by comparing work out to work in.Look below for an example. Efficiency = Work input / Work output x 100%. or we can calculate effiency by comparing TMA to AMA.