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environment of global finance - Coggle Diagram
environment of global finance
key macroeconomic variables
imports
the trade balance
exports
exchange rates
balance of trade
export>import = favorable balance of trade
assures countries of means to buy necessary imports
export<import=unfavorable balance of trade
types of trade
visible
involves the import and export of goods and merchandise
invisible
involves the exchange of services between nations
insurance
cargo's voyage is vulnerable to danger
important kind of invisible trade
immigrant remmitances
nations reserves
official deposits in foreign currencies
maintended in holdings