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In an incident described in the textbook,one of the authors was attending the funeral of an American friend of Syrian descent.Whenever a visitor would enter the funeral parlor,a group of women would shriek and wail.Why did the women respond in this manner?
Current Account
A component of a country's balance of payments that includes the trade balance, net income from abroad, and net current transfers, reflecting the difference between a nation's savings and its investment.
Billion
A number equal to a thousand million (1,000,000,000) in the short scale, or a million million (1,000,000,000,000) in the long scale, depending on the country.
Balance Of Trade
The difference in value between a country's imports and exports over a period of time.
Balance Of Payments
A financial statement summarizing a country's transactions with the rest of the world, including exports, imports, and capital flows, over a specified period.
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