Podcast
Questions and Answers
What is an unstable currency, such as the Turkish Lira, known as?
What is an unstable currency, such as the Turkish Lira, known as?
What term is used for the amount of worth that is added to a product as it is processed?
What term is used for the amount of worth that is added to a product as it is processed?
As of 2023, how many member nations are a part of the ISO?
As of 2023, how many member nations are a part of the ISO?
What will a trade sanction most likely do to the price of an affected product or service?
What will a trade sanction most likely do to the price of an affected product or service?
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The reliance of people (or other countries) on each other for goods, services or ideas is known as what?
The reliance of people (or other countries) on each other for goods, services or ideas is known as what?
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What is the purchase of all or part of a company (but with controlling interest) located in another country called?
What is the purchase of all or part of a company (but with controlling interest) located in another country called?
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What is the term for the occurrence when a country imports more goods and services than it exports?
What is the term for the occurrence when a country imports more goods and services than it exports?
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According to the textbook, approximately what percentage of Canada's total exports went to the United States?
According to the textbook, approximately what percentage of Canada's total exports went to the United States?
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CETA is an acronym for...
CETA is an acronym for...
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Which one of these is the most correct?
Which one of these is the most correct?
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Of the following countries, which country is listed as one of the top three countries that Canada exports to?
Of the following countries, which country is listed as one of the top three countries that Canada exports to?
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What is the purchase of stocks, bonds, and other financial instruments issued by Canadian firms called?
What is the purchase of stocks, bonds, and other financial instruments issued by Canadian firms called?
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Study Notes
International Trade and Economics
- An unstable currency, such as the Turkish Lira, is known as a Soft Currency.
- The term used for the amount of worth that is added to a product as it is processed is Value Added.
- As of 2023, there are 165 member nations that are part of the International Organization for Standardization (ISO).
- A trade sanction will most likely increase the price of an affected product or service.
- The reliance of people (or other countries) on each other for goods, services or ideas is known as Interdependence.
- The purchase of all or part of a company (with controlling interest) located in another country is called a Foreign Direct Investment (FDI).
- The term for the occurrence when a country imports more goods and services than it exports is a Trade Deficit.
- Approximately 75% of Canada's total exports went to the United States.
- CETA is an acronym for Comprehensive Economic and Trade Agreement.
- The United States is one of the top three countries that Canada exports to, along with China and Mexico.
- The purchase of stocks, bonds, and other financial instruments issued by Canadian firms is called Foreign Portfolio Investment.
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Description
Test your knowledge of currency and business terminology with this quiz. Identify the term for an unstable currency and understand the drawbacks of joint ventures as mentioned in a textbook. Also, explore the term used for the value added to a product during processing.
