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Chapter 9 Political
|Money that can be readily converted to leading world currencies.
|Manages the otherwise free-floating currencies.
|Determined by the amount of money a government prints.
|A unilateral move to reduce the value of one's own currency by changing a fixed or official exchange rate.
|Enforced self discipline and enhances public trust in the value of money.
|The interest rate the government charges when it loans money to private banks.
|A source of loans to reconstruct the Western European economies after the war to help states through future financial difficulties.
|International monetary fund
|Coordinates international currency exchange. the balance of international payments and national accounts.
|Balance of payments
|The financial statement of a company
|Military and foreign grants, as well as salaries and pensions paid to the government employees abroad.
|Foreign investments in and by a country.
|Reflect the inherent dynamic growth.
|Governments sometimes spend more on programs than they take in from tax revenue.
|Government decisions about spending and taxation.
|Decisions about printing and circulating money.