Glossary

What is Current account?

Economy

A country's trade in goods and services plus income flows with the rest of the world. A deficit means more money goes out than comes in.

Think of it like: A household's money in and money out with the rest of the street.
Real example: Persistent current account deficits can pressure a currency, as Turkey saw in 2018.
Lesson: Trade and currencies Practise it now: Headline Reflex

Related words

All 189 words in the glossary