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The Federated States of Micronesia (/ ˌ m aɪ k r oʊ ˈ n iː ʒ ə / ⓘ; abbreviated FSM), or simply Micronesia, is an island country in Micronesia, a subregion of Oceania.The federation consists of four states—from west to east: Yap, Chuuk, Pohnpei, and Kosrae—that span across the western Pacific just north of the equator, for a longitudinal distance of almost 2,700 km (1,700 mi).
The following de facto states do not maintain stock exchanges: Abkhazia Kosovo Northern Cyprus Sahrawi Arab Democratic Republic Somaliland South Ossetia Transnistria; A number of Caribbean countries are served by the Eastern Caribbean Securities Exchange (ECSE), based in Basseterre, Saint Kitts and Nevis. Thus, there is no individual stock ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 21 December 2024. Island group in the Federated States of Micronesia For other uses, see Yap (disambiguation). Island group in Federated States of Micronesia Yap Wa'ab (Yapese) Island group Flag Map of the Yap Islands Map of Yap Proper (Marbaaq) Coordinates: 9°30′N 138°07′E / 9.500°N 138. ...
The Federated States of Micronesia are located in the region known as Micronesia, which consists of hundreds of small islands divided in seven territories. The term Micronesia may refer to the Federated States or to the region as a whole, even though the lack of a central government makes it a sovereign group of states, not a country .
Yap State is one of the four federal states of the Federated States of Micronesia. As a democratic federation, each state can retain a large amount of power within the state as well as a certain level of sovereignty typical of federal states. As such, the State adheres to the FSM National and Yap State constitutions to develop policies and ...
Department of Finance and Administration of the Federated States of Micronesia is a government department in the Micronesia responsible for effective management of public financial assets, strengthening tax collection, maximizing investments and maintaining border control of Micronesia.
For example, in 2008, the Federated States of Micronesia had a higher per-capita enlistment rate than any US state, and had more than five times the national per-capita average of casualties in Iraq and Afghanistan: nine soldiers out of a population of 107,000. [19]
The economic activity of the Federated States of Micronesia consists primarily of subsistence agriculture and fishing. The islands have few mineral deposits worth exploiting, except for high-grade phosphate. The potential for a tourist industry exists, but the remoteness of the location and a lack of adequate facilities hinder development.