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excess reserves
excess return on the market portfolio
excess supply
excessive
Exch.
exch.
exchange
exchange controls
exchange efficiency
exchange equalization account
exchange force
exchange of assets
exchange of stock
exchange offer
exchange particle
exchange privilege
exchange rate
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World English Dictionary
Dictionnaire Français

exchange efficiency
ex·change ef·fi·cien·cy


noun 
Definition:
 
efficient distribution of goods and services: an allocation of resources that maximizes economic welfare given initial endowments
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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