A bank account that you use for daily purchases and other similar transactions. Not an account to use for saving.
a current account is an account you have now.
Diff. between CC account & current account
i am a student and wanted to open my account should i open a current account or credit account
an account at a bank against which checks can be drawn by the account depositor.
owners current account is called a personal account and it has a credit entry
current account deficit
a current account is an account you have now.
current account deficit
what is difference between a current account and a cheque account
Diff. between CC account & current account
on account of
Current Account
i am a student and wanted to open my account should i open a current account or credit account
No, you typically do not earn interest on a current account.
an account at a bank against which checks can be drawn by the account depositor.
owners current account is called a personal account and it has a credit entry
The balance of payments, then, is the sum of the balance on current account and the balance on capital and financial account. It is important to understand that the deficit indicated by the current account is financed through activities recorded on the capital and financial account. The deficit on the current account must be exactly offset by the surplus on the capital and financial account (if it is not, net errors and omissions will correct it). This means then that the sum of the current account and the capital and financial account is equal to zero.