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Trade and Currency

Social Studies practice

TermDefinition
Currency another name for money
embargo to refuse to trade with another country
standards a requirement placed on an import usually to help with safety or health
tariff a tax on an import
quota a limit on the amount a product can be sold to a country
subsidy money given by the government to companies to encourage exports
exchange rate the value of one currency against a foreign currency
imports goods that are bought from a foreign country
exports goods that are sold to a foreign country
Created by: daniel.king
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