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Meaning of current account

 

 

 

Current account

 

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Business glossary

 

Meaning of term current account :

 

The current account is usually taken to refer to the current account of the balance of payments which measures the exports and imports of goods and services between the UK and overseas. The current balance is the difference between revenue from exports of goods and services and the amount we have paid out to import goods and services. If the figure is negative, we are in deficit, while if it is positive we have a current account surplus.

 

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Current account

 

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Meaning of term current account

 

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