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