The value of a country's exports minus the value of its imports. Unless specified as the
balance of merchandise trade, it normally incorporates trade in services, including
earnings (interest, dividends, etc.) on financial assets.
8. What is MFN?
MFN stands for Most Favoured Nation. The principle, fundamental to the GATT, of
treating imports from a country on the same basis as that given to the most favored other
nation. That is, and with some exceptions, every country gets the lowest tariff that any
country gets, and reductions in tariffs to one country are provided also to others.
26.What is Basel I?
Also known at Basel Capital Accord, this was an agreement in 1988 by the Basel
Committee of central bankers to measure the credit risk of commercial banks and set
minimum standards for bank capital in order to reduce the likelihood of international
repercussions due to bank failures.
4.What is a blue chip company? Why it is blue color only used in such companies?
A blue chip is concerned with stocks & shares of company, which are well established
and whose purchase is considered extremely safe. Due to stable earnings and no
extensive liabilities these companies are called blue chip companies.
The term blue chip comes from casinos, where blue chips stand for counters of the
highest value. Most blue chip stocks pay regular dividends, even when business is faring
worse than usual.