International Towne Vocabulary Review

Money in circulation. The form of money used by a country.

• MidAfri Note

• Resources

• Currency

• Embargo

The identification document needed for international travel.

• Exchange Rates

• Passport

• Customs Agent

• Quota

The formula used to convert one currency to another; tells the value of one country's currency as to another.

• Exchange Rates

• Specialization

• EuRussia Note

• Currency

Goods shipped out of one country for trade or sale with another.

• Specialization

• Imports

• Exports

• Embargo

Goods brought in from a foreign country for trade or sale.

• Resources

• Imports

• Tarriffs

• Exports

When one nation prohibits trade with another, often for political reasons.

• Quota

• Tarriff

• Embargo

• NAFTA

An exchange of goods or services.

• Trade

• Exports

• Resources

• Interdependence

Currency used in Germany, UK, Russia, Italy, & the Netherlands.

• AmeriLat Note

• EuRussia Note

• MidAfri Note

• PacAsia Note

Currency used in Ghana, Egypt, and Israel.

• AmeriLat Note

• EuRussia Note

• PacAsia Note

• MidAfri Note

Things of value and efforts used to produce good and services (land, labor, capital, and entrepreneurship.)

• Entrepreneurship

• Literacy Rate

• Specialization

• Resources