International Economics

abroad agreement American amount arrangements balance of payments bank accounts bicycle bilateral borrow Britain British cash cent central bank chapter cheaper coal commodity comparative consumers consumption costs coun countries country's currency customs union defense demand and supply depends deposits discussed dollars domestic earnings economic effect eggs equal exchange control exchange rate exchange-rate expenditure exports figure finance firms foreign banks foreign currency foreign exchange foreign-exchange market francs funds GATT gold import surplus increase industries interest International Monetary Fund international trade investment lending less loans Marshall Plan ment military monetary national income negotiations pesos pounds price level problem production protectionism purchase ratio reason reduced reserves restrictions result rise self-sufficiency sell short-term capital Soviet Soviet bloc speculation spend stabilization sterling tariff taxes tend tion transactions U.S. dollars Union United World War II