TeachMeFinance.com - explain current-account balance
current-account balance -- The net revenues that arise from a country's
international sales and purchases of goods and services plus net international
transfers (public or private gifts or donations) and net factor income
(primarily capital income from foreign property owned by residents of that
country minus capital income from domestic property owned by nonresidents).
The current-account balance differs from net exports in that it includes
international transfers and net factor income.
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