Week 2 Flashcards
are one of the major issues confronting international marketers
trade barriers
the system of accounts that records a nations international financial transaction
balance of payments
it records all financial transactions between a countrys firms and residents and the rest of the world usually over a year
balance of payments
it is maintained on a double entry bookkeeping system
balance of payments
it is record of condition not a determinant of condition
balance of payments
is the difference between receipts and payments
balance of payments
the 3 accounts that includes in the balance of payments
current account
capital account
reserves account
a record of all merchandise exports, imports, and services plus unilateral transfers of funds
current account
a record of direct investment, portfolio management, and short term capital movements to and from countries
capital account
a record of exports and imports of gold, increases or decreases in foreign exchange, and increases or decreases in liabilities to foreign central banks
reserves account
it is the primary interest of international business
current account
nontariff barriers
embargoes
subsidies
import and export licensing
voluntary export restraints
import quotas
local content requirements
currency devaluation
trade restriction
