Using Map (In the Textbook) 33

question 52

Essay

Using Map (in the textbook) 33.2, define globalization and show how it is reflected in this Map (in the textbook) of international trade associations.

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Definitions:

Future Payment

A payment that is scheduled to be made at a specified date in the future.

Interest Rate

The cost of borrowing money, usually expressed as a percentage of the amount borrowed.

Net Earnings

The amount of income left after deducting all expenses, taxes, and costs from gross revenue.

Continuous Future

A futures contract that amalgamates several expiry contracts to create a continuous, extended trading period for investors.