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Alice works for a hospital in an ethnically diverse neighborhood. To ensure everyone receives competent health care, the hospital places multilingual instructions and warning signs all around the complex. These practices are known as
Balance of Payments
A summary of all transactions between residents of a country and the rest of the world over a specific period, including trade, investment, and financial transfers.
Exchange Rates
The value of one currency expressed in terms of another currency, determining how much foreign currency can be exchanged for a unit of domestic currency.
Gold Standard
A monetary system in which the standard economic unit of account is based on a fixed quantity of gold.
International Flows
The movement of goods, services, capital, and people across international borders.
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