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.
Being energy efficient means doing the same amount of work while using less energy. For example, an energy efficient washing machine provides the same service, laundry, but at a lower rate of energy consumption.Similarly, a well-insulated house is more energy efficient because less heat escapes and therefore less heat needs to be used to maintain a comfortable living environment.or example, an energy efficient washing machine provides the same service, laundry, but at a lower rate of energy consumption. Similarly, a well-insulated house is more energy efficient because less heat escapes and therefore less heat needs to be used to maintain a comfortable living environment.