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Where do you get a current account?

Updated: 8/18/2019
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14y ago

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You can get it from any bank

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14y ago
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Q: Where do you get a current account?
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The balance of payments, then, is the sum of the balance on current account and the balance on capital and financial account. It is important to understand that the deficit indicated by the current account is financed through activities recorded on the capital and financial account. The deficit on the current account must be exactly offset by the surplus on the capital and financial account (if it is not, net errors and omissions will correct it). This means then that the sum of the current account and the capital and financial account is equal to zero.


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