Foreign Exchange Markets Crossword Puzzle

QUESTIONS LIST:

• terms of trade : expresses a country's export prices in terms of import prices
• globalization : the worldwide interaction of economies, with trade as key element
• comparative advantage : a situation where one country has a relative advantage in the production of goods and services
• exchange rate : the rate at which one currency is exchanged for another
• balance of payment: a set of accounts that shows a systematic record of trade and financial transactions
• financial account : an account that contains information on investments made by south africans in other countries
• trade balance : the value of exports minus imports
• appreciation : an increase in the price of a currency in terms of other countries through market forces
• depreciation : a decrease in the price of a currency in terms of another currency due to market forces
• devaluation : a deliberate decrease in the exchange rate of the currency in terms of other currencies
• revaluation : a deliberate increase in the exchange rate of a currency in terms of other currencies
• managed exchange rates : exchange rates which respond to market forces within certain limits