Brazil bonus questions
How many times has Brazil won the world cup?
5
Expensive, long-term financial acitivity.
Capital project
The organization that helps with economic interdependence and coorporation
International monetary fund (IMF)
Process of converting the currency of one country to another.
Foreign Exchange
A written order by an exporter to an importer to make a payment.
Bill of exchange
How many times has Brazil changed it's currency?
8 times
Amount due from a customer to a company that sells on credit.
account receivable
Government restrictions to regulate the amount of value of a nation's currency
Exchange controls
Amount of currency a country can trade for a single unit of another country's currency
Exchange rate
Online payments
Electronic Funds Transfer (EFT)
What is Brazil's currency?
Real
Amount owed to a supplier.
Account payable
Network of banks and other financial institutions that buy and sell different currencies.
Foreign exchange market
Interest Rate
Network based transfer payments
Wire transfer
Where did paper money originate from?
China
When a business requires financing for more than a year
Long-term financing
Currency that is not easy to exchange for other currencies
Soft currency
When the US Dollar is used as a main currency.
Dollarization
Provides a description of the terms of the sale
Commercial invoice
What is Brazil's national animal
The jaguar
Financial document that guarantees payment.
Letter of credit
currency that is easily converted for other currencies.
Hard currency
Increase in the average price of goods ande services.
Inflation
Explains amount of insurance coverage
Insurance certificate