Dow Jones Industrial Average: A stock price index, based on 30 prominent stocks, that is a commonly used indicator of general trends in the prices of stocks and bonds in the United States.

Dumping: Under U.S. law, sales or merchandise exported to the United States at "less than fair market value," when such sales materially injure or threaten material injury to producers of like merchandise in the United States.

Economic growth: An increase in a nation's capacity to produce goods and services.

Electronic commerce: Business conducted via the World Wide Web.

Exchange rate: The rate, or price, at which one country's currency is exchanged for the currency of another country.

Exports: Goods and services that are produced domestically and sold to buyers in another country.

Export subsidy: A lump sum given by the government for the purpose of promoting an enterprise considered beneficial to the public welfare.

Fast track: Procedures enacted by the U.S. Congress under which it votes within a fixed period on legislation submitted by the president to approve and implement U.S. international trade agreements.

Federal Reserve Bank: One of the 12 operating arms of the Federal Reserve System, located throughout the United States, that together with their 25 branches carry out various functions of the U.S. central bank system.

Federal Reserve System: The principal monetary authority (central bank) of the United States, which issues currency and regulates the supply of credit in the economy. It is made up of a seven-member Board of Governors in Washington, D.C., 12 regional Federal Reserve Banks, and their 25 branches.

Fiscal policy: The federal government's decisions about the amount of money it spends and collects in taxes to achieve full employment and non-inflationary economy.

Fixed exchange rate system: A system in which exchange rates between currencies are set at a predetermined level and do not move in response to changes in supply and demand.

Floating exchange rate system: A flexible system in which the exchange rate is determined by market forces of supply and demand, without intervention.

Food for Peace: A program that provides for the disposition of U.S. farm products outside the United States.

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