CURRENTACCOUNT

Current account

In economics, the current account is one of the two primary components of the balance of payments, the other being capital account. It is the sum of the balance of trade, factor income and cash transfers.

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current account

Noun

  1. That part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments
  2. A checking account at a bank


The above text is a snippet from Wiktionary: current account
and as such is available under the Creative Commons Attribution/Share-Alike License.

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