Chapter 19

3. agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America. The agreement came into force on January 1, 1994, and superseded the 1988 Canada–United States Free Trade Agreement between the United States and Canada.
4. the rate at which one currency will be exchanged for another currency.
5. an official ban on trade or other commercial activity with a particular country.
6. a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.
8. multilateral agreement regulating trade among 153 countries.
9. a regime where the currency price of a nation is set by the forex market based on supply and demand relative to other currencies. This is in contrast to a fixed exchange rate
12. bring (goods or services) into a country from abroad for sale.
13. the input goods or inventory that a company needs to manufacture its products.
15. the reduction in the official value of a currency in relation to other currencies.
16. a tax or duty to be paid on a particular class of imports or exports.

1. global decentralized or over-the-counter market for the trading of currencies.
2. the difference in value over a period of time between a country's imports and exports of goods and services
7. a reduction in the value of an asset with the passage of time, due in particular to wear and tear.
9. type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency
10. a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C.
11. send (goods or services) to another country for sale.
14. intergovernmental organization that regulates and facilitates international trade.