Question

Differentiate between capital account and correct account?​

Answer 1

Current account records the trading in goods and services in the current period. Capital Account records the movement of capital in and out the economy. Current Account shows the net income of the country, whereas Capital Account shows the change in the ownership of the nation's assets.

Answer 2

Answer:

- Current account records the trading in goods and services in the current period.

- Capital Account records the movement of capital in and out the economy.

-Current Account shows the net income of the country,

-Capital Account shows the change in the ownership of the nation's assets.