If Your Cousin Lives in a Country Three Time Zones

question 20

True/False

If your cousin lives in a country three time zones to your west, then in theory, she lives about 60 degrees of longitude away from you.

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Definitions:

Foreign Investment

Capital investment made by one country into businesses or assets in another country.

Common European Currency

The euro (€) is the currency adopted by many European Union countries, facilitating economic transactions across member states.

Lower Inflation Rates

Lower inflation rates refer to a situation where there is a slow rate of increase in the general level of prices for goods and services, which can indicate a stable economic environment.

Foreign Subsidiary

A local operation completely owned by a foreign firm.