| A | B |
|---|
| Trade Surplus | When a country's exports exceed its imports |
| Embargo | An order to stop all imports of a product |
| Trade | The system by which countries exchange goods and services |
| Offset Agreements | Two countries find a way to balance capital transactions and current transactions to protect balances of trade and payment |
| Balance of Trade | The difference between a nation's exports and imports of merchandise |
| Tariffs | Taxes on foreign products |
| Capital Account | An account in the balance of payments that includes stocks, bonds, bank accounts, real estate & factories |
| Current Account | An account in the balance of payments that includes interest payments and sales of goods and and services |
| Depreciation | When the price of a currency falls naturally because of supply and demand |
| Balance of Payments | The difference in the total amount of money flowing in and flowing out |
| Exchange Rate | The price of one currency in terms of that of another |
| Trade Deficit | When a country's exports are less than its imports |
| Devaluation | When the price of currency falls due to a decision by a government |
| Quota | A fixed limit on a specific imported product |
