current account

current account

A country's international transactions arising from current flows, as opposed to changes in stocks which are part of the capital account. Includes trade in goods and services (including payments of interest and dividends on capital) plus inflows and outflows of transfers.

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Part of Speech: noun
Synonym(s):
Blossary: Blossary-A
Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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