current account

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current account

Economics that part of the balance of payments composed of the balance of trade and the invisible balance

Current Account

 

a type of deposit operation in banks and savings banks. Deposits in current accounts are not time deposits; that is, the account holder can make deposits and withdrawals at any time. In the capitalist countries, current accounts for the most part hold the temporarily free capital and cash reserves of the capitalists. In the USSR, current accounts in banks may be opened by noneconomic institutions and enterprises, kolkhozes, and public organizations; current accounts in savings banks may also be opened by individuals.

References in periodicals archive ?
If China's net saving rate falls by just 4 percent of its GDP, China's current account surplus will end and will change to a current account deficit.
Within the next five to six years, as the United States' trade deficit begins to shrink substantially, as we start running a current account surplus and as we start accumulating for our aging, the U.
The yen's strength has prompted Japanese manufacturers to increasingly shift their production overseas in pursuit of cheaper costs, making income to become a key factor in Japan's overall current account surplus.
That increase in the current account surplus was mainly an outcome of the rise in the surplus of the Balance on Goods (merchandise exports minus merchandise imports on f.
The bank has posted a current account surplus of USD4.
with an increase in current account surplus that reached US$ 11 billion in 2007 up from US$ 10.
According to estimates by the International Monetary Fund, the developing economies as a group had a current account surplus of $640 billion last year.
Latin America posted a collective current account surplus of US$5.
The current account surplus continued to decline due to a plunge in trade surplus amid economic slowing in the United States and other countries, a ministry official said.
South Korea's current account surplus in February rose to $790 million, up $470 million from the previous month's $320 million mainly due to an increased trade surplus and narrowing of the service balance deficit, the Bank of Korea said Wednesday.
The excess of long-term capital outflows over the current account surplus was balanced primarily by shortterm private capital inflows, notably borrowing abroad by Japanese banks, which averaged more than $55 billion per year during the 1986-88 period.
Despite weaker economic growth, China's current account surplus and foreign exchange reserves will continue to grow.