Question

Write about current account in 100 words

Answer 1

Explanation:

A current account is a personal bank account which you can take money out of at any time using your cheque book or cash card. ... A country's current account is the difference in value between its exports and imports over a particular period of time.

Answer 2

Answer:

The current account records a nation's transactions with the rest of the world—specifically its net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments—over a defined period of time, such as a year or a quarter. According to Trading Economics, the quarter two 2019 current account of the United States was $-128.2 billion.The current account represents a country's imports and exports of goods and services, payments made to foreign investors, and transfers such as foreign aid.

The current account may be positive (a surplus) or negative (a deficit); positive means the country is a net exporter and negative means it is a net importer of goods and services.

A country's current account balance, whether positive or negative, will be equal but opposite to its capital account balance.

The United States has a significant deficit in its current account.