What is the difference between contractionary&expansionary monetary policy?

Answer The difference between expansionary and contractionary monetary policy is the effect on a nation's money supply and availability of credit. Expansionary policy measures increase the money supply an... Read More »

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What is the key difference between an umbrella policy and excess liability policy?

similar - umbrella usually a personal lines excess coverage. excess liability policy could be anything. Both are designed to provide another layer of protection over and above the underlying policy... Read More »

What is the difference between a policy&a procedure?

The terms policy and procedure are often used together and their difference could be perceived as one of semantics. However, they are not synonymous. They have distinct definitions. Simply stated, ... Read More »

What is the difference between fiscal&monetary policy?

One of the functions of government is to facilitate a healthy economy. Its two most effective tools for the task are fiscal policy and monetary policy. The two terms are often confused, but in fact... Read More »

What is the difference between Indemnity and Pay on Behalf of in an insurance policy?

Indemnity, indemnify (as I understand it) is protection from loss, and to make whole, after a loss has been sustained.On Behalf of would be the person the sum is being paid for/in your stead/repres... Read More »