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But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
Martin Feldstein

Meaning of "current account" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF CURRENT ACCOUNT

current account play
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GRAMMATICAL CATEGORY OF CURRENT ACCOUNT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Current account is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES CURRENT ACCOUNT MEAN IN ENGLISH?

current account

Current account

In economics, a country's current account is one of the two components of its balance of payments, the other being the capital account. The current account consists of the balance of trade, net factor income and net cash transfers. The current account balance is one of two major measures of a country's foreign trade. A current account surplus increases a country's net foreign assets by the corresponding amount, and a current account deficit does the reverse. Both government and private payments are included in the calculation. It is called the current account because goods and services are generally consumed in the current period.

Definition of current account in the English dictionary

The definition of current account in the dictionary is an account at a bank or building society against which cheques may be drawn at any time US name: checking account Canadian name: chequing account.

WORDS THAT BEGIN LIKE CURRENT ACCOUNT

currency market
currency note
currency rate
currency snake
currency trader
currency trading
currency unit
current
current affairs
current assets
current density
current efficiency
current expenditure
current expenses
current liabilities
current yield
current-account
current-cost accounting
currently
currentness

WORDS THAT END LIKE CURRENT ACCOUNT

account
amount
at a discount
bank account
business account
call to account
checking account
count
current-account
discount
investment account
no-account
on account
pollen count
recount
savings account
time discount
to account
trading account
viscount
volume discount

Synonyms and antonyms of current account in the English dictionary of synonyms

SYNONYMS

Translation of «current account» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF CURRENT ACCOUNT

Find out the translation of current account to 25 languages with our English multilingual translator.
The translations of current account from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «current account» in English.

Translator English - Chinese

活期账户
1,325 millions of speakers

Translator English - Spanish

cuenta corriente
570 millions of speakers

English

current account
510 millions of speakers

Translator English - Hindi

चालू खाता
380 millions of speakers
ar

Translator English - Arabic

حِسَاب جارٍ
280 millions of speakers

Translator English - Russian

текущий счет
278 millions of speakers

Translator English - Portuguese

conta corrente
270 millions of speakers

Translator English - Bengali

চলতি হিসাব
260 millions of speakers

Translator English - French

compte courant
220 millions of speakers

Translator English - Malay

akaun terkini
190 millions of speakers

Translator English - German

Girokonto
180 millions of speakers

Translator English - Japanese

当座預金
130 millions of speakers

Translator English - Korean

당좌 계정
85 millions of speakers

Translator English - Javanese

akun saiki
85 millions of speakers
vi

Translator English - Vietnamese

tài khoản vãng lai
80 millions of speakers

Translator English - Tamil

நடப்பு கணக்கு
75 millions of speakers

Translator English - Marathi

चालू खाते
75 millions of speakers

Translator English - Turkish

mevcut hesap
70 millions of speakers

Translator English - Italian

conto corrente
65 millions of speakers

Translator English - Polish

rachunek bieżący
50 millions of speakers

Translator English - Ukrainian

поточний рахунок
40 millions of speakers

Translator English - Romanian

cont curent
30 millions of speakers
el

Translator English - Greek

τρεχούμενος λογαριασμός
15 millions of speakers
af

Translator English - Afrikaans

lopende rekening
14 millions of speakers
sv

Translator English - Swedish

checkkonto
10 millions of speakers
no

Translator English - Norwegian

brukskonto
5 millions of speakers

Trends of use of current account

TRENDS

TENDENCIES OF USE OF THE TERM «CURRENT ACCOUNT»

The term «current account» is quite widely used and occupies the 39.570 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
82
/100
The map shown above gives the frequency of use of the term «current account» in the different countries.
Principal search tendencies and common uses of current account
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «current account».

FREQUENCY OF USE OF THE TERM «CURRENT ACCOUNT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «current account» during the past 500 years. Its implementation is based on analysing how often the term «current account» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about current account

EXAMPLES

3 QUOTES WITH «CURRENT ACCOUNT»

Famous quotes and sentences with the word current account.
1
Martin Feldstein
But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
2
Wolfgang Schauble
There are several silver linings on the horizon. The current account deficits in Spain and Portugal are declining because they have become more competitive and they're exporting more.
3
Robert C. Solomon
The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.

10 ENGLISH BOOKS RELATING TO «CURRENT ACCOUNT»

Discover the use of current account in the following bibliographical selection. Books relating to current account and brief extracts from same to provide context of its use in English literature.
1
G7 Current Account Imbalances: Sustainability and Adjustment
This volume will be of tremendous value to economists, politicians, and business leaders alike as they look to the future of the G7 economies.
Richard H. Clarida, 2007
2
Current Account Deficits, External Liabilities and Economic ...
This paper assesses the policy significance of foreign liabilities and the current account deficits that give rise to them.
J. D. Pitchford, 1992
3
Fiscal Policy and the Current Account
This paper examines the relationship between fiscal policy and the current account, drawing on a larger country sample than in previous studies and using panel regressions, vector autoregressions, and an analysis of large fiscal and ...
Bouhga-Hagbe, Jacques, International Monetary Fund, Abbas, S. M. Ali, 2010
4
Rapid Current Account Adjustments: Are Microstates Different?
We describe unique aspects of microstates-they are less diversified, suffer from lumpiness of investment, they are geographically at the periphery and prone to natural disasters, and have less access to capital markets-that may make the ...
Patrick A. Imam, 2008
5
(Why) Should Current Account Balances Be Reduced? (EPub)
This proposed SDN—a sequel to “Global Imbalances in Midstream?” (Blanchard and Milesi-Ferretti, 2010)—would complement work being done by the IMF in response to the request of the G-20 to develop “indicative guidelines” for the ...
Mr. Gian-Maria Milesi-Ferretti, Olivier J. Blanchard, 2011
6
Persistence of Income Shocks and the Intertemporal Model of ...
The standard intertemporal model of the current account posits that the expected persistency of income innovations play a key role in current account dynamics.
Elif C. Arbatli, 2009
7
The Role of Stock Markets in Current Account Dynamics: ...
This paper tests a model of the role of stock markets in current account dynamics, developed in a companion paper. with U.S. data, the model performs better than the same model without stock markets.
Benoît Mercereau, 2003
8
Current Account Reversals and Currency Crisis-Empirical ...
This paper studies large reductions in current account deficits and exchange rate depreciations in low- and middle-income countries.
Gian Maria Milesi-Ferretti, Assaf Razin, 1998
9
Current Account Imbalances in the Southern Euro Area
The paper examines the causes, consequences, and potential cures of the large current account deficits in the Southern Euro Area (SEA).
Florence Jaumotte, Piyaporn Sodsriwiboon, 2010
10
Current Account Determinants for Oil-Exporting Countries
The level of the NFA can influence the current account in two ways. First, countries with a higher NFA can sustain a higher trade deficit while remaining solvent, which results in a negative association between the NFA and the current account.
Hanan Morsy, 2009

10 NEWS ITEMS WHICH INCLUDE THE TERM «CURRENT ACCOUNT»

Find out what the national and international press are talking about and how the term current account is used in the context of the following news items.
1
Japan May current-account surplus widest since '07
TOKYO--Japan posted its biggest current account surplus in May since 2007 on ... Japan has posted strong current account surpluses in recent ... «MarketWatch, Jul 15»
2
Japan's Current Account 1.64T vs. 1.38T forecast
In a report, Ministry of Finance said that Japan's Current Account rose to a seasonally adjusted 1.64T, from 1.27T in the preceding month. «Investing.com, Jul 15»
3
Japan data - current account, trade balance + more
That trade balance narrowing is going to be a positive for Kuroda and co. Big exporters have benefitted from the weaker yen and the BOJ and ... «ForexLive, Jul 15»
4
Forex - Euro down as Greece deadline set, Yen up on current account
In Japan, bank lending in June rose 2.5% year-on-year, a slight dip from a 2.6% gain in May, while the current account reached a surplus of ... «Investing.com, Jul 15»
5
USD/JPY Breaks Down Through Support Following Current Account
Elsewhere, Japan posted the largest current account surplus since 2007 in May, at 1.88 trillion. This is the 11th straight month in surplus. «CountingPips, Jul 15»
6
Fraudsters looking for weaknesses in current account switching …
Fraudsters are testing out the security of the government's seven-day current account switching service by trying to set up current accounts ... «ComputerWeekly.com, Jul 15»
7
The current account that pays you £160 for switching
The Reward current account certainly lives up to its name. Switch to it using the Current Account Switching Service, which guarantees a ... «BT.com, Jul 15»
8
Thieves are after your current account - how to stop them
At the end of March last year 32% of fraudulent current account applications were attempted by crooks who had stolen an ID, by the end of ... «Mirror.co.uk, Jul 15»
9
RBI asks banks to use info from CRILC to open current account
Further banks may also seek No Objection Certificate from the drawee bank where the initial deposit to current account is made by way of a ... «mydigitalfc.com, Jul 15»
10
South Korea May Current Account Surplus $8.65 Billion
South Korea posted a current account surplus of $8.65 billion in May, the Bank of Korea said on Thursday - up from $8.14 billion in April. «RTT News, Jul 15»

REFERENCE
« EDUCALINGO. Current account [online]. Available <https://educalingo.com/en/dic-en/current-account>. Apr 2024 ».
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