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. 115

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.