Lesson 25- Financing International Trade

  • Lesson 25- Financing International Trade

    Learning Goals: By the end of this lesson you will be able to

    •Describe how different currencies complicate trade among countries
    •Explain how currencies are converted
    •Demonstrate an understanding of Canada’s balance of payments


    Lesson 31
    •Understand globalization and related issues




    • Lesson 30 Glossary

      Statistical discrepancy
       An adjustment made to bring the current account into balance with the capital and financial account on a country’s international balance of payments.

      Capital and financial account
       Part of an economy’s balance of payments account that measures flows of capital and investment. 

      Current account
       A bank account for a business that operates like a chequing account, paying little or no interest and serving as a medium of exchange; also, part of a balance of payments account that records totals for three components: goods, services, and investment income. 

      Balance of payments account
       National account of international payments and receipts, divided into the current account and the capital and financial account

    • Lesson 30 Exit Card Questionnaire

      Students to complete this after you've finished all activities/tasks in today's lesson.