A Guide To Learning World Financial Terms

South African diamond mining companies use some of the diamonds they mine in their drill bits. The diamonds that are used for that purpose are known as

capital goods

Both K-Mart® and Wal-Mart® businesses battle for the consumer's purchasing choices. They are engaged in a healthy

competition

Kroger® and Safeway supermarkets often send out printed certificates which entitle the bearer to certain financial benefits. These certificates are called

coupons

Saudi Arabia enjoys wealth from its vast oil fields. This country is still enjoying great

prosperity

affluence or superabundance

prosperity

strategy used to entice the consumer to make a purchase

sales tactic

a tax on imported goods

tariff

A rebate is usually where you get money sent back to you after you send in a requirement, like the UPC symbol on the side of a box.

true

A tariff is like an added-on tax.

true

If a company is experiencing great prosperity, we say they are experiencing a boom.

true

The American dollar is worth exactly the same as the Japanese yen and the Mexican peso.

false

When American cars sales were suffering due to Japanese imports, the government instituted an exchange rate.

false

Swiss chocolates and Japanese electronics are shipped into harbors around our country every week. We call these products brought in from other countries

imports

adding up the value of all of a nation's goods and services in a given year

Gross National Product

saw a boom during their first years in the market

Snapple® Beverages

The strength of the dollar against foreign currencies is known as the:

exchange rate