Vocab Quiz 2 - International Business

Exchange rates

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Terms in this set (12)

These refer to the price of one currency in terms of another economy's currency, which facilitates economic transactions between individuals, firms and governments in different economies

A complex form of bartering in which several countries may be involved, each trading goods for goods or services for services.

Lowering the value of a nation's currency relative to other currencies

Trade Protectionism

The use of government regulations to limit the import of goods and services

Taxes on imports or exports

Limits on the amount of a product that can be imported

Restrictions on trade with another country for political reasons.

An international organization based in Geneva that monitors and enforces rules governing global trade

Developed in 1948, a forum for negotiating monetary and trade agreements

A trade agreement between Canada, the United States and Mexico that encourages free trade between these North American countries.