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Unit 2c Vocabulary
| Term | Definition |
|---|---|
| Currency Exchange | converting one nation's money into an equivalent value/quantity of another's |
| Domestic | term which refers to the products of services originating in one's own country; it is the antonym of foreign |
| Currency | a nation's money |
| Exchange Rate | the approximate value of one nation's currency in terms of another's |
| Euro | common currency of most European Union member states; those E.U. nations currently using the euro are referred to collectively as the Eurozone |
| European Union | economic and political union of 28 European nations |
| Brexit | The British Exit from the European Union |
| Confederation | A loose alliance of countries |