International Trade and Money summary [211581] Questions and Answers 2023
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trade surplus - -exporting more than is imported -trade deficit - -exporting less than is imported -net exports - -exports-imports -balance of trade - -goods and services traded -balance o... f payments - -summary of a country's international trade -within a given year -in domestic country's currency -made of current and financial accounts -current account - -1. net exports 2. investment income 3. net transfers -financial account - -the financial account measures the purchase and sales of financial assets abroad -purchases of things that continue to earn money -foreign direct investment - -when a foreign company buys a business in a different country -net capital outflow - -difference between the purchase of foreign assets and domestic assets purchased by foreigners -financial account surplus - -i [Show More]
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