1. #1
    Unregistered

    What are the layman definitions of terms "Current Account" and "Capital Account"?

    hello

    What is the layman definitions of terms of Current Account and Capital Account?

  2. #2
    rockred Array
    Join Date
    Oct 2012
    Posts
    212

    Re: What are the layman definitions of terms "Current Account" and "Capital Account"?

    Current account - It is define as the payment related to current economic activities such as employment,investment ,consumption etc.Current account is the sum of trade in services & goods .

    Capital account - It is define as the payment related to transferring purchasing or buying power from now to future without direct link with today investment ,consumption etc.

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