Glossary

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Economic Indicator
A government issued statistic that indicates current economic growth and stability. Common indicators include employment rates, Gross Domestic Product (GDP), inflation, retail sales, etc.

EDI
Electronic Data Interchange.

Effective Exchange Rate
An attempt to summarize the effects on a country's trade balance of its currency's changes against other currencies.

EFT
Electronic Fund Transfer.

European Central Bank (ECB)
The Central Bank for the new European Monetary Union.

EURO
The currency of the European Monetary Union (EMU). A replacement for the European Currency Unit (ECU).

Execution
The Process of completing an order or deal.