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Glossary Term: CURRENT ACCOUNT BALANCE

Definition(s) for CURRENT ACCOUNT BALANCE:


1. ) One of the components of a country's balance of payments, the current account balance covers the imports and exports of goods and services. The current account balance helps a country evaluate its competitive strengths and weaknesses and forecast the strength of its currency.

2. ) The difference between the nation's total exports of goods, services and transfers and its total imports of them. Current account balance calculations exclude transactions in financial assets and liabilities.



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