+3 votes
in Economics by kratos

Differentiate between Current Account and Capital Account of Balance of Payment.

1 Answer

+5 votes
by kratos
 
Best answer

| Basis | Current Account | Capital Account |
| Balance of Payment | It deals with payments of currently produced goods and services. | It deals with International sales and purchases of assets. |
| Influence | It directly influence on level of national income. | It influences volume of assets which a country holds. |

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