Domestic trade is trade<span> occurring inside a particular country, while global is between nations, think international.</span>
A similarity between both of those is that they are both types of limited governments.
Federalism is when the power is shared between the states and the national government.Checks and balances is a principle of the United States Constitution that gives each branch of government the power to check, or limit the other branches.
Present Value involves discounting, and future value involves compounding.
The find present value of a dollar a year from now, we must discount by the discount rate, since a dollar a year from now is not worth as much as a dollar today.
To find the future value (in a year) of a dollar we receive today, we increase the dollar by the discount rate, since our dollar today is worth more than a dollar a year from now.
