- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
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
1. The mathematical expected value of a random variable. Equals the sum (or integral) of the values that are possible for it, each multiplied by its probability. 2. What people think a variable is going to be. In general, the expectation in this second sense may be more important than the first for determining behavior on a market, such as the exchange market.
Industry:Economy
1. A good that moves outward across a country's border for commercial purposes. 2. A product, which might be a service, that is provided to foreigners by a domestic producer. 3. To cause a good or service to be an export under definitions 1 and/or 2.
Industry:Economy
A loan to the buyer of an export, extended by the exporting firm when shipping the good prior to payment, or by a facility of the exporting country's government. In the latter case, by setting a low interest rate on such loans, a country can indirectly subsidize exports.
Industry:Economy
A program to guarantee payment to exporting firms who extend export credits.
Industry:Economy
A firm that handles the process of exporting for other firms. It may do this for a commission or fee, or it may purchase the goods for subsequent sale.
Industry:Economy
A strategy for economic development that stresses expanding exports, often through policies to assist them such as export subsidies. The rationale is to exploit a country's comparative advantage, especially in the common circumstance where an over-valued currency would otherwise create bias against exports. Contrasts with import substitution.
Industry:Economy
