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Trade Balance
The difference in value between a country's imports and its exports over a certain period, indicating the balance of trade.
Current Account
The current account is a component of a country's balance of payments that includes the balance of trade, net primary income, and net income from abroad.
Capital Account
The capital account, in international economics, refers to part of a country's balance of payments that records all transactions involving the purchase or sale of assets.
Gold Standard
A monetary system in which the value of a country's currency is directly linked to a fixed amount of gold, allowing for the conversion of currency into a specified amount of gold.
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