CURRENT ACCOUNT • E-FREE TRANSLATION.COM • Definition of Current account

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/kˈərənt əkˈaʊnt/ Listen

Current account

noun

That part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments.

A bank account against which the depositor can draw checks that are payable on demand. Synonyms: checking account, chequing account.

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Etymology of 'Current account'

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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