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balance of payments vs current account

current account vs balance of payments

balance of payments and current account both are nouns.

Word NounAdjectiveVerbAdverb
balance of payments Yes No No No
current account Yes No No No
balance of payments (noun) current account (noun)
a system of recording all of a country's economic transactions with the rest of the world over a period of one year that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments
a bank account against which the depositor can draw checks that are payable on demand
Difference between balance of payments and current account

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