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Explanation of 4 main components of the current account

By IndianMoney , 2 months ago

1. Trade : It is the biggest component of the current account. It accounts for the trade of goods and services between countries. 2. Net Income : This is the income received by each resident of the country. The country?s residents receive income from two sources. Either through foreign investments in the form of dividends or interest or by working in foreign countries. 3. Direct transfer of capital : This includes four transfers: a. money sent by workers to friends or family in home country b. foreign direct investments c. loans or direct government aid to other countries. 4. Assest Income : This includes a rise or fall in the assets of a country.

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