Record of a country's economic transactions with the rest of the world.
What is Currrent account?
records transactions of goods and services and income between residents and non residents
What is capital account?
The capital account is a component of a country's balance of payments that records the flow of financial assets between a country and the rest of the world.
What is financial account?
Record of a company's financialtransactions and investments
What is current account deflict and surplus ?
deficit- occurs when a country’s total imports of goods and services income exceeds its total exports. Spending more on foreign country’s than its earning
Surplus-occurs when a countries total exports of good/ services indicated that it’s eating more foreign trade than it’s earning
