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- A current account statement represents a country's imports and exports of goods and services, payments made to foreign investors, and transfers such as foreign aid. It may be positive (a surplus) or negative (a deficit), indicating whether the country is a net exporter or importer of goods and services1. An account statement is a periodic summary of account activity, showing invoices sent, payments received, and other fees associated with maintaining the account2.Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The current account represents a country's imports and exports of goods and services, payments made to foreign investors, and transfers such as foreign aid. The current account may be positive (a surplus) or negative (a deficit); positive means the country is a net exporter and negative means it is a net importer of goods and services.www.investopedia.com/terms/c/currentaccount.asp
Summary
- An account statement is a summary of account activity over the current period which can be a month, quarter, year, or other defined period.
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