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bank holding company (G2)<br />A company which owns one or more banks and, often, firms engaged in non-banking activities. The development of such companies in the USA in the twentieth century made the expansion of banking possible, despite the existence of UNIT BANKING.
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export (F3)<br />The sale to a resident of another country of a domestically produced good or service. Unless an economy is self-sufficient, it will be necessary for it to export in order to be able to pay for the imports demanded by its residents. The volume of a country's exports has many determinants, including the exchange rate, marketing methods, delivery times, product design and government subsidization, especially the guarantee of export finance so that firms will not be discouraged from exporting by the risk of buyers' defaulting. Exports net of imports are included in the GROSS DOMESTIC PRODUCf.<br /><em>See also:</em> import
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