Term
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Definition
| an economy that has interactions in trade or finance with other countries |
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Term
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Definition
| an economy that has no interactions in trade or finance with other countries |
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Term
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Definition
| the record of a country's trade with other countries in goods, services and assets |
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Term
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Definition
| the part of the balance of payments that records a country's net exports, net income on investments, and net transfers |
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Term
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Definition
| the difference between the value of the goods a country exports and the value of the goods a country imports |
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Term
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Definition
| the part of the balance of payments that records purchases of assets a country has made abroad and foreign purchases of assets in the country |
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Term
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Definition
| the difference between capital outflows from a country and capital inflows, also equal to net foreign direct investment plus net foreign portfolio investment |
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Term
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Definition
| the part of the balance of payments that records relatively minor transactions, such as migrants' transfers and sales and purchases of nonproduced, nonfinancial assets |
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Term
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Definition
| the value of one country's currency in terms of another country's currency |
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