Chapter 6 & 7 Vocab Quiz Crossword
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
 
 
Down: 1) the total flow of money coming into a country minus the total flow going out.3) a document that states the name of the country in which the shipped goods were produced.5) the cost of the goods, insurance, and freight are included in the price quoted6) anything people will accept for the exchange of goods and services7) a situation in which one seller controls the entire market for a product or service9) the amount of currency of one country that can be traded for one unit of the currency of another country11) a bank whose major function is to provide economic assistance to less-developed countries12) amount owed by a customer to a company that sells on credit16) a currency that is not easy to exchange for other currencies19) a document that states a promise to pay a set amount by a certain date22) the price includes the cost of the goods and freight, but the buyer must pay for insurance separately23) a market situation with many sellers, each offering the same product24) control of an industry by a few large companies25) government employee authorized to collect the duties levied on imports27) a company that arranges to ship goods to customers in other countries28) a monetary unit that is freely converted into other currencies30) an expensive, long-term financial activity33) buying or selling on account Across: 2) a contract a person or a company buys that allows the buyer the option to purchase a foreign currency sometime in the future at today’s rate4) amount owed to a supplier8) the exchange of products or services among companies in different countries with the possibility of some currency exchange 10) a financial document issued by a bank for an importer in which the bank guarantees payment13) a group of companies in the same type of business14) a certificate explaining the amount of insurance coverage for fire, theft, water, or other damage that may occur to goods in shipment15) a certificate representing money borrowed by a company over a long period over time17) an organization of countries that bond together to allow a free flow of products18) terms of sale that mean the selling price of the product includes the cost of loading the exported goods into transport vessels at the specified place20) an agency that helps to promote economic cooperation by maintaining an orderly system of world trade and exchange rates21) the exchange of goods and services between two parties with no money involved26) a method of moving payments through banking computer systems29) a certificate prepared by the exporter that provides a description of the merchandise and the terms of the sale31) system in which currency values are based on supply and demand32) the total amount a country owes to other countries as a result of importing more goods and services than the country is exporting34) the network of banks and other financial institutions that buy and sell different currencies35) a document stating the agreement between the exporter and the transportation company.36) the process of converting the currency of one country into the currency of another country37) a market situation with many sellers, each with a slightly different product38) the cost of using someone else’s money39) a written order by an exporter to an importer to make payment.40) government restrictions to regulate the amount and value of a nation’s currency41) conditions of a sale on account including the time required for payment
 

 

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