Question

Describe what the current account transactions encompass?

Answer 1

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Answer 2

Current account transactions encompass export and imports.

Explanation:

• The current account keeps a track of the value of the exports and imports including services its one of the three parts as the balance of payments. Current accounts measure the nation's earnings and spending abroad.  

• It is a measure of the control of foreign trade. It is said to be the current account as it consumes the goods and services in the current period.  

• It is calculated by Ca = (X - M) + NY + NCT. The x and y represent exports and imports. Ny is the net income, and the net current transfer.

Learn more about the what the current account transactions encompass.

• brainly.in/question/8646662 answered by  suma2023.