Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-Great Schism
Unfavorable Balance
A situation where a financial balance, such as trade balance or budget, is negative, indicating more outflows than inflows.
Importer
An individual or company that buys goods or services from another country for the purpose of selling them within their own country.
Society of Worldwide Interbank Financial Telecommunications
An international messaging network that financial institutions use for securely transmitting information and instructions related to financial transactions.
International Payment Transfers
Financial transactions that involve the sending of money across international borders.
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