Current account refers to ........

Economic Affairs Balance of Payments

Current account refers to-

It is an economic transaction between residents of two nations over a stipulated period of time, usually a calendar year.

It is the foreign currency and securities held by the government, usually by its central bank, and are used to balance the payments from year to year.

It deals with capital transactions i.e. those transactions which create assets or liabilities.

It is defined as the difference between a nation’s savings and its investment.

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Explanation:

The current account is an important indicator about an economy's health. It is defined as the sum of the balance of trade (goods and services exports less imports), net income from abroad and net current transfers.