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Social Science
Economics
International Economics
Assignment 39
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Terms in this set (8)
foreign exchange
foreign currencies used by countries to conduct international trade
foreign exchange rate
price of one's country's currency in terms of another currency
fixed exchange rates
system under which the values of currencies are fixed in relation to one another; the exchange rate system in effect until 1971
flexible exchanged rates
???
floating exchange rates
system that relies on supply and demand to determine the value of one currency in terms of another; exchange rate system in effect since 1971
trade deficit
balance of payments outcome when spending on imports exceeds revenues received from exports
trade surplus
situation occurring when the value of a nation's exports exceeds the value of its imports
trade-weighted value of the dollar
index showing strength of the United States dollar against a market basket of other foreign currencies
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