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Fixed Exchange Rate
A currency system where the value of a currency is pegged against another currency, a basket of currencies, or another measure of value.
Trade Deficits
A situation where a country's imports exceed its exports, indicating that it is buying more goods and services than it is selling abroad.
Current Account
Part of a nation's balance of payments encompassing the trade balance, net primary income, and net secondary income components.
Balance of Payments
A comprehensive summary of a country's economic transactions with the rest of the world over a specific time period, including trade, services, and financial transfers.
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