Examlex
Why can a spending diary be helpful?
Foreign Assets
International investments or possessions held by a country, corporation, or individual.
Current Account Deficit
A situation where a country's total imports of goods, services, and transfers is greater than its total exports, indicating that it is spending more on foreign trade than it is earning.
British Pounds
The official currency of the United Kingdom, which is also known as Sterling.
Floating Exchange Rate
An exchange rate determined by the demand for and the supply of a nation’s currency.
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