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Global economy vocab

TermDefinition
barter To exchange or trade something for another good or service rather than for money.
currency The coins and paper money issued by a country.
embargo A decision not to trade with another country.
exchange rate A number that is used to show the value of one currency compared to another.
export To send a good or product to another country so it can be sold.
import To bring a good or product made elsewhere into your country so it can be sold.
specialize To narrow one's focus in order to become an expert at producing a particular good or service.
Created by: Dark rider
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