Mixed Economy
OBOM
BOOM
This type of exchange rate system is determined entirely by supply and demand in the foreign exchange market, without government intervention.
Floating Exchange Rate
The second longest river in Europe
Danube
This part of the balance of payments records trade in goods and services, along with income and current transfers.
Current Account
Deciduous trees lose these annually
Leaves
NNLOITAI
INFLATION
When a country’s currency becomes less valuable relative to others under a floating system, this change is called this.
Depreciation
10 cents in the US
Dime
When a country imports more goods and services than it exports, it is said to have this type of balance in its current account.
current account deficit
Beefsteak, Campari and Plum are all types of these
GREGATAEG ENMDAD
AGGREGATE DEMAND
These are foreign currencies and other assets held by a country’s central bank, often used to influence exchange rates.
Foreign Exchange Reserves
An uncrewed aircraft or ship guided by remote control or onboard computers
Drone
This account in the balance of payments tracks investments flowing in and out of a country, such as foreign direct investment and portfolio investment.
Financial Account
Which one does not grow on trees: Peanuts, Chestnuts or Almonds?
Peanuts
OYTRMENA OCLIPY
MONETARY POLICY
This term describes a system where a country pegs its currency to another major currency, like the U.S. dollar or euro.
Fixed
The birthplace of LEGOS
Denmark
Money sent by workers living abroad back to their home country is recorded under this category of the current account.
current transfers (or remittances)
It is the fastest growing plant on the planet. There are over 1,500 species that are native to Asia, Australia, and other parts of the world. This tall thin plant can grow almost a meter a day.
Bamboo
RNTHIESCI ADLGREA
CHRISTINE LAGARDE
This situation occurs when a currency is kept artificially low in value by government intervention, often to boost exports.
currency undervaluation - currency devaluation
One of the 4 Ninja Turtles. Also an Italien Renaissance painter.
Donatello
This type of investment involves purchasing a lasting interest in a business in another country, often defined as owning at least 10% of a company.
In the 1600s, this recently introduced plant in Holland was so valuable that their bulbs were often worth more than gold.
Tulips