current account
A current account refers to a type of bank account that allows an individual or business to conduct day-to-day financial transactions, such as receiving and making payments, managing deposits and withdrawals, and accessing funds through checks, debit cards, or online transfers.
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Related Concepts (1)
Similar Concepts
- accounts receivable/payable
- balance of payments
- balance of payments surplus
- balance of trade
- capital flows
- cash flows
- cross-border capital flows
- currency stability
- current account deficit
- current account deficit/surplus
- exchange rates
- financial status
- national income and product accounts
- public expenditure
- trade balance