Examlex
A certificate of deposit is similar to a savings account except that the bank agrees to pay the depositor a guaranteed interest rate for money left on deposit for a specified period of time.
Comparative Advantage
An economic theory that describes how a country or entity can produce goods and services at a lower opportunity cost than others.
International Trade
Trading goods, services, and capital across borders or territories between countries.
World Price
The international market price of a good or service, determined by global supply and demand.
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