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- DictionaryCurrent account
noun
- 1. an account at a bank against which checks can be drawn by the account depositor; a checking account. British
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- Current account (balance of payments)
Concept in international economics
In macroeconomics and international finance, a country's current account records the value of exports and imports of both goods and services and international transfers of capital. It is one of the two components of the balance of payments, the other being the capital account (also known as the financial account). Wikipedia
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