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International Trade 2 Final Exam B

Horizontales
– n. – “The difference between the monetary value of exports and imports of output in an economy over a certain period
– n. – a fault, defect or shortcoming.
- a legal entity that is treated like a person: a “company is a ‘distinct legal person’; it can own things, it can buy and sell in its own right and it can owe money”.
– n. – something that binds or hold together. In law and contracts, it means something that must be done.
– n. – a number of things put together
– n. – money that a company uses to invest in future business for itself. Preferably this comes from Reserves but can also come from bank loans and stocks sales
– v. – to hide the source of illegally obtained money to avoid taxes or to hide stolen money.
– n. – also called nonconvertible currency, blocked currency. Money that cannot easily (or at all, in some case) be exchanged into other countries money.
– n. – Organization for Economic Cooperation and Development. An association of 34 nations that promote growth and trade.
– n. – the process of causing something to be filled with something else, like a sponge filled with water.
– n. – a check written for more money than the person has in the bank. The bank will send the check back to the person as “unpayable” because there is not enough money to pay it.
– adj. – not able to be changed.
– n. – a specific part of the population having shared characteristics.
– v. – A government setting the exchange rate of their currency to another currency, instead of letting the world economy decide the exchange rate. The opposite of a Floating Exchange Rate.
Verticales
– n. – part ownership in a company.
– n. – decrease in value due to wear and tear, decay, decline in price, etc. Also, such a decrease is allowed (sometimes mandatory) in computing the value of property for tax purposes.
– v. – to compensate for damage or loss.
– n. – something that helps you toward a goal
– adj. – not definite or certain. Having more than one possible meaning.
– n. – [insurance term] the amount paid or to be paid by the policy holder for coverage under the contract.
– n. – a condition, command or promise in a contract.
– n. – money left to the company after it pays all its bills.
– idiom – to have each person pay his own part of a bill.
– phrase – to pass responsibility to someone else, usually unfairly.
– Incoterm FOB - without charge to the buyer for goods placed on board a carrier (ship, train, airplane, etc).
– n. – chance, accident, something uncertain.
– adj. – able to read and write
– n. – the power to cancel or postpone someone else’s decisions.
– n. – a change from something expected; a slip or an error.