- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
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A group of European countries that have chosen to integrate many of their economic activities, including forming a customs union and harmonizing many of their rules and regulations. Preceded by EEC and EC. As of July 25, 2010, the EU had 27 member countries.
Industry:Economy
1. To engage in trade, either within a country or internationally. 2. Foreign exchange.
Industry:Economy
1. The market on which national currencies are exchanged for one another. 2. The actual exchange market, which exists primarily among large international banks. Others who wish to exchange currencies do it through these banks. 3. The theoretical representation of the exchange market as either the interaction of supply and demand arising from exchange-market transactions or as an asset market equilibrium between currencies.
Industry:Economy
A system that was operated by some central banks within the European Union, which intervened in exchange markets to limit the fluctuations of their currencies relative to one another, while letting all of them collectively float.
Industry:Economy
A government institution sometimes used to handle exchange market intervention, charged with the explicit function of smoothing exchange rate fluctuations.
Industry:Economy
A subsidy paid on production or sale (consumption) of a particular good.
Industry:Economy
1. In intellectual property regimes, the transaction at which rights terminate. Under national exhaustion, rights end with first sale in a country, preventing parallel imports. Under international exhaustion, rights end with first sale anywhere, permitting parallel imports. 2. Product exhaustion.
Industry:Economy
