# Key concepts

> These are the words you need for the foreign exchange market and the balance of payments. The foreign exchange market (also called the currency market) is where one currency is bought and sold for…

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## Full notes

This is a preview of the Key concepts notes for Grade 12 Economics. Create a free Hlayiso account to read the full notes, practise every question and track your progress.

## More in The foreign exchange market and the balance of payments accounts

- [Reasons for international trade](https://www.hlayiso.com/grade-12/economics/notes/the-foreign-exchange-market-and-the-balance-of-payments-accounts/reasons-for-international-trade) — Next section
- [All The foreign exchange market and the balance of payments accounts sections](https://www.hlayiso.com/grade-12/economics/notes/the-foreign-exchange-market-and-the-balance-of-payments-accounts)

## Frequently asked questions

### What will I learn in "Key concepts"?

This section covers Key concepts as part of The foreign exchange market and the balance of payments accounts in Grade 12 Economics. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "Key concepts", are written against the official CAPS curriculum and ATP for Grade 12 Economics.

### What should I study after "Key concepts"?

Continue with the next section in The foreign exchange market and the balance of payments accounts, or test your understanding with the interactive quiz linked to this section.

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