Q. The country's current account has recorded a deficit of US $8.1 billion in the last quarter as opposed to the surplus in the first one. Highlight the reasons for such variations. Also explain the various components of current account.
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The balance of payments (BOP) is the place where countries record their monetary transactions with the rest of the world. Examining the current account balance (CAB) of a country's BOP can provide a good idea of its economic activity. It includes activity around a country's industries, capital market, services, and the money entering the country fro
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