Lecture Notes on International Business and the Financial System

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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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6 Terms

1
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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.

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Exports

Domestically produced goods sold in other countries.

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Imports

Foreign-made products purchased by domestic consumers.

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Balance of Trade

The difference between a nation’s exports and imports.

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Monetary Policy

The process by which the Bank of Canada controls the supply of money and credit in the economy.

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Types of Securities

Financial instruments representing the obligations of issuers to provide purchasers with expected returns; includes money market instruments, bonds, and shares.