What do u mean by Current account.Short and simple (organisation of commerce). class 11.
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The current account is an important indicator of an economy's health. It is defined as the sum of the balance of trade (goods and services exports minus imports), net income from abroad, and net current transfers.
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A current account, also known as financial account is a type of deposit account maintained by individuals who carry out significantly higher number of transactions with banks on a regular basis. ... Generally, current accounts do not provide interests and requires a higher minimum balance when compared to savings account.
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