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These flashcards cover key concepts related to international business and the financial system, based on lecture notes to aid in studying for an exam.
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Why Nations Trade
Nations engage in trade to boost economic growth, expand markets, enhance production efficiency, and reduce dependence on home economies.
Exports
Domestically produced goods sold in other countries.
Imports
Foreign-made products purchased by domestic consumers.
Balance of Trade
The difference between a nation’s exports and imports.
Monetary Policy
The process by which the Bank of Canada controls the supply of money and credit in the economy.
Types of Securities
Financial instruments representing the obligations of issuers to provide purchasers with expected returns; includes money market instruments, bonds, and shares.