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