Meaning and components of Current Account in Balance of Payments, Calculating Current Account Balance
Sub Category
- Other Teaching & Academics
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Objectives
- What is the meaning of Current Account in Balance of payments?
- What are the various components of current account?
- How can we calculate the current account balance in balance of payments?
- What is meant by Surplus current account, Deficit current account and Balanced current account?
Pre Requisites
- Basic understanding of economic principles such as supply and demand, inflation and interest rates
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