Advertisements
Advertisements
प्रश्न
Distinguish between current account and capital account
Advertisements
उत्तर
Current account and capital account
| Current account | Capital account |
| Current account transactions bring a change in the current level of economy’s income. |
Capital transactions bring a change in the capital stock of an economy |
| It is a flow of concept as it includes all items of flow nature. |
It is a stock concept as it includes all items expressing changes in stock |
| Current account = visible trade + invisible trade + unilateral transfers + income receipts and payments |
Capital account = Borrowings and lendings to and from abroad + investments to and from abroad + change in foreign exchange reserves. |
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
