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Foreign Trade And Exchange Vocab
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Foreign Trade And Exchange Vocab
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25 Questions

1. Developing countries money (mexico - madagascar - Egypt)

2. Agreement where countries agree to trade together not illegal documents

3. Sell

4. Relations between 1 economy and others around the world

5. A government tax on imports or exports - also called duty

6. Started in 1975 - group of developed countries (US - Germany - France - Great Britan - Italy) Russia wants to join which would make it G8

7. Sluggish economic growth - rising unemployment

8. The rate at which one currency can be exchanged for another

9. Rate the government sets and keeps as the official exchange rate

10. Established Januaray 1 - 1995 - only global international organization that deals with rules of trade between nations

11. Trader sells a lot of a currency

12. Buy

13. In Switzerland - bank for central banks provides broad range of financial services - deals with value of currencies and Who is trading with whom

14. A generally excepted form of money

15. Largest market in the world - 24 hour buying and selling currencies takes place - no central headquarters

16. Developed countries money (america - england - japan)

17. When the headquarters/parent of the company is effectively owned in 2 or more countries

18. Founded in 1944 helps poorest people in the poorest countries - provides resources - shares knowledge - builds capacity in developing countries - tries to organize people and resources of country so they can be involved in the global market place

19. Trader purchases a lot of currency

20. Inflation - value of money declines - prices rise

21. A difference in the supply and demand will automatically be fixed in the market

22. Founded in 1944 - international organization of 183 countries - promotes money cooperation

23. Represents how much the market can offer

24. Refers to how much quantity of product/service is desired by the buyer

25. Began 1961 has 15 countries - euro in all 15 countries exchange and services and the right to work in other countries

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