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Negotiating parties will often focus on the distribution task and ignore the integration task.
Nominal Exchange Rate
The rate at which one country's currency can be traded for another country's currency, not adjusted for inflation.
Rand
The official currency of South Africa, symbolized as ZAR.
Trade Balance
A measure of a country's exports minus its imports, indicating whether a country is in a surplus or deficit trade position.
Imports
Goods or services brought into one country from another for sale, which can affect a nation's economy in various ways.
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