Term
| Balance of payments accounts |
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Definition
| The accounts in which a nation records its international trading, borrowing and lending in a given period |
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Term
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Definition
| Record of international receipts and payments in a given period - current account balance equals export minus imports, plus net interest and transfers received from abroad |
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Term
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Definition
| Record of foreign investment into Canada minus Canadian investment abroad in a given period |
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Term
| Official settlements Account |
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Definition
| Record of the change in Canadian official reserves in a given period |
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Term
| Canadian official reservces |
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Definition
| The governments holdings of foreign currency |
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Term
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Definition
| A country that is borrowing more from the rest of the world than it is lending to the rest of the world |
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Term
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Definition
| A country that is lending more to the rest of the world that it is broowing from the rest of the world |
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Term
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Definition
| A country that during its entire history has borrowed more from the rest of the world than it has lent to it |
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Term
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Definition
| A country that duing its entirehistory has invested more in the rest of the world than other countries invested in it |
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Term
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Definition
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Term
| Government sector balance |
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Definition
| Net taxes minus government expenditure on goods and services |
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Term
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Definition
| The market in which the currency of one country is exchanged for the currency of another |
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Term
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Definition
| The price at which one currency exchanges for another |
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Term
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Definition
| The rise in the value of one currency in terms of another currency |
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Term
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Definition
| The fall in the value of one currency in terms of another currency |
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Term
| Canadian interest rate differential |
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Definition
| The Canadian interest rate minus the foreign interest rate |
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Term
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Definition
| Equal value of money - a situation in which money buys the same amount of goods and services in different currencies |
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Term
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Definition
| Equal inerest rates - a situation in which the interest rate in one currency equals the interest rate in another currency when exchange rate changes are taken into account |
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