Examlex
What is meant by "working memory"?
Flexible-rate
A type of exchange rate regime where the value of a currency is allowed to fluctuate according to the foreign exchange market forces of supply and demand.
Fixed-rate
An interest rate that remains constant over the life of a loan or investment.
Current Account
A part of the balance of payments of a country, accounting for trade balance, net primary income, and net secondary income transactions with foreign entities.
Surplus
A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to price reductions.
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