Agent Pincher: The Case of the UFO
Printed on November 21st 2009
Currency
The money in circulation in any country.
Exchange
Trading a good or service for another good or service, or for money.
Exchange Rate
The price of one nation's currency in terms of another nation's currency.
Exports
Goods and services produced in one nation and sold in other nations.
Imports
Goods and services bought from sellers in another nation.
Money
Anything that is generally accepted as final payment for goods and services; serves as a medium of exchange, a store of value and a standard of value. Characteristics of money are portability, stability in value, uniformity, durability and acceptance.
Glossary terms from: http://www.econedlink.org/lessons/index.php?lid=605&page=teacher