Unit 6: Foreign Trade and Exchange

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Across
  1. 2. A currency system where exchange rates are set by a government or central bank.
  2. 3. Goods and services bought from other countries.
  3. 4. A system of money in general use in a country.
  4. 5. When exports exceed imports.
  5. 11. Goods and services sold to other countries.
  6. 12. The act of converting one currency for another.
  7. 13. The ability of a country to produce a good at a lower opportunity cost than another.
  8. 14. Economic policies aimed at restricting imports to protect domestic industries.
  9. 16. A legal limit on the quantity of a good that can be imported.
  10. 17. The exchange of goods, services, or resources across borders.
  11. 18. A record summarizing a country's financial transactions with the rest of the world.
  12. 19. A tax on imported goods.
Down
  1. 1. A decrease in the value of a currency relative to others.
  2. 6. When a country focuses on producing goods it can produce most efficiently.
  3. 7. A complete ban on trade with a particular country.
  4. 8. The difference between a nation’s exports and imports.
  5. 9. When imports exceed exports.
  6. 10. An increase in the value of a currency relative to others.
  7. 15. Financial assets or resources used for investment across countries.
  8. 20. A currency system where exchange rates are determined by market forces.