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current account
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current account

In economics, that part of the balance of payments concerned with current transactions, as opposed to capital movements. It includes trade (visibles) and service transactions, such as investment, insurance, shipping, and tourism (invisibles). The state of the current account is regarded as a barometer of overall economic health. In some countries, visibles make a large contribution to the current account and may more than offset trade deficits.



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? Mentioned in ? References in periodicals archive
 
Total sales for month + sales taxes + freight charges) - (Cash sales + payments on current accounts receivable during month + sales returns and allowances) = Current accounts receivable
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6 EXCHANGE RATES CURRENT ACCOUNTS End of Period % of GDP 2002 2003E 2004F 2002 2003E 2004F ARGENTINA 3.
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