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If You Are Riding in a Car and Are Running

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If you are riding in a car and are running low on gas, your attention will shift to gas stations. This is an example of the influence of


Definitions:

Statistical Discrepancy

The difference between two sets of numbers or data points that are expected to be in agreement but are not, due to errors or variances.

Balance of Payments

A financial statement that summarizes a country's transactions with the rest of the world, including trade, investments, and monetary movements, over a specific time period.

Foreign Exchange Market

A global marketplace for trading national currencies against one another.

Euros

The official currency of the eurozone, which consists of 19 of the 27 European Union member states.

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