Create an account
The value of a nation's exports minus the v alue of its imports; also called the trade balance
The value of a nation's exports minus the value of its imports; also called net exports
Net capital outflow
The purchase of foreign assets by domestic residents minus the purchase of domestic assets by foreigners
The international flow of goods and services and the international flow of capital are two sides of the same coin; Because every international transaction involves an exchange of an asset for a good or service....
Nominal exchange rate
the rate at which a person can trade the currency of one country for the currency of another
An increase in the value of a currency as measured by the amount of foreign currency it can buy
A decrease in the value of a currency as measured by the amount of foreign currency it can buy
Real exchange rate
The rate at which a person can trade the goods and services of one country for the goods and services of another
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