varehouse | buildingfor storing large quantities of goods, before they are distributed to retailers |
vessel | any craft for transportation on water |
premises | building in which a company does a business |
domestic | within a particular country |
freight | goods or cargo carried in train, aeroplane, lorry or ship |
appreciate | to rise in value |
hedge | to try to eliminate the risk of future price changes |
speculation | risky transaction, make in the hope of profiting from future price changes |
purchasing power parity | the exchange rate at which the cost of a given selection of goods and services would be the same in |
gold convertibility | the central bank guarantees to exchange its currency for gold at a fixed price |