Mention the main elements of Current Account.

1.	Mention the main elements of Current Account.
Answer» Main elements of Current Account are divided into three parts : 1. Visible trade : All items that are physical in nature are included in this trade. 2. Invisible trade : In this, only trade of services is included, like-banking, insurance, etc. 3. Current transfer payments : In this, foreign gifts, donations, military help, technological help, etc. one-sided transactions are included. Therefore, it is also known as one-sided transaction.

Answer»

Main elements of Current Account are divided into three parts :

1. Visible trade : All items that are physical in nature are included in this trade.

2. Invisible trade : In this, only trade of services is included, like-banking, insurance, etc.

3. Current transfer payments : In this, foreign gifts, donations, military help, technological help, etc. one-sided transactions are included. Therefore, it is also known as one-sided transaction.

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