1.

What is the difference between current account and capital account?

Answer»

The difference between current account and capital account are as follows:

Current AccountCapital Account
• It is the record of trade in goods and services, and transfer payments.• It is the record of all international transactions of assets.
• It consists of factor and non-factor incomes apart from gifts, remittances, and grants.• It includes money, stocks, bonds, government debt, etc.



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