State components of the current account …
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Meghna Thapar 5 years ago
The current account of the balance of payments includes a country's key activity, such as capital markets and services. CAB will tell whether a country is in a surplus or deficit. There are four major components of a current account, including goods, services, income, and current transfers. 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 tracks actual transactions, such as import and export goods. The capital account tracks the net balance of international investments – in other words, it keeps track of the flow of money between a nation and its foreign partners.
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