What is a CE Mark? CE marking involves awarding a firm/organization a certification mark to indicate that it is conformity with environmental protection, health, and safety standards for traded products within the European Economic Area (EEA). CE marking is also applicable to other countries outside the EEA which are manufactured, designed, or sold ...

What is an Edge Act Corporation? An Edge Act Corporation (EAC) is a subsidiary of a U.S. bank that engages in international banking activities. These banks or subsidiaries are named after the 1919 Edge Act, which authorizes banks to perform international banking activities. How does an Edge Act Corporation Work? Until 1919, U.S. institutions could n...

What is the Effect of Government Investment in Physical Capital? Government can invest in physical capital directly: roads and bridges; water supply and sewers; seaports and airports; schools and hospitals; plants that generate electricity, like hydroelectric dams or windmills; telecommunications facilities; and military weapons.  Public physical ca...

What is Leading as a Manager? Leading involves influencing others through direction, inspiration, and motivation toward the attainment of organizational objectives.  Leading or leadership is the glue that allows for the coordination of people toward a common goal or collective response to a situation.  It facilitates the performance of essential tas...

What is a Shipper's Export Declaration (SED)? An export declaration, or shippers export declaration (SED), is an official document that contains details of goods that are being exported or imported. It is generally completed by the exporter and introduced to port authorities at the time of export. It serves as an export control document and provides...

How to Convert GDP to a Common Currency? Converting GDP of two countries using different currencies requires the use of exchange rates.  Exchange rates are expressed either as the units of country A’s currency that need to be traded for a single unit of country B’s currency Using the exchange rate to convert GDP from one currency to another is as fo...

Fed Balance Sheet - Explained The Fed balance sheet refers to the breakdown of the assets, as well as, liabilities which the Federal Reserve holds. This report lists the factors affecting the absorption and supply of Federal Reserve funds. The Fed balance sheet report shows the means used by the Fed to pump cash into the economy. This is also referr...

What is the Group Of Seven (G-7)? The group of seven, also known as the G-7, is a forum formed by the seven most economically-advanced nations of the world. The group was formed in 1975, comprising six countries namely Germany, France, United States, Italy, United Kingdom, and Japan. Canada was included in the group in 1976. The government leaders o...

What is the Generalized System of Preferences? Generalized System of Preferences (GSP) is a trade preference program that permits duty-free or low-duty entry of products from developing countries and territories. GSP is also called generalized preferential tariff (GPT).  The GSP exempts nations from WTO (World Trade Organization) rules and policies,...

What is the Temporal Method? The temporal method, often referred to as the temporal rate method, the historical method, and the historical rate method, is a method of foreign currency translation. It uses exchange rates based on the time of acquisition of assets and liabilities to convert the values of the assets and liabilities from their local cur...