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Current account   /kˈərənt əkˈaʊnt/   Listen
Current account

noun
1.
That part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments.
2.
A bank account against which the depositor can draw checks that are payable on demand.  Synonyms: checking account, chequing account.






WordNet 3.0 © 2010 Princeton University








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"Current account" Quotes from Famous Books



... After growing on average at less than 1% a year in 1984-87, GDP dropped by 3% in 1988, the result of bad weather, labor trouble in the canefields, and flooding and equipment problems in the bauxite industry. Consumer prices rose about 35%, and the current account deficit widened substantially as sugar and bauxite exports fell. Moreover, electric power is in short supply and constitutes a major barrier to future gains in national output. The government, in association with international financial ...
— The 1990 CIA World Factbook • United States. Central Intelligence Agency



Words linked to "Current account" :   balance of payments, checking account, Britain, bank account, accounting, balance of international payments



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