What does Current Account mean? | current account คือ

What does Current Account mean?


นอกจากการดูบทความนี้แล้ว คุณยังสามารถดูข้อมูลที่เป็นประโยชน์อื่นๆ อีกมากมายที่เราให้ไว้ที่นี่: ดูความรู้เพิ่มเติมที่นี่

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The current account is part of the balance of payments of a ountry and shows the difference between the value of exports and imports. Germany had a trade surplus of more than 250 bn EUR in 2016. Whereas the United States faced a strong current account deficit of more than 740 bn USD.
Strong imbalances could lead to tensions between surplus and deficit countries. Surplus economies enjoy higher employment through their exports. Due to the current account deficit a lack of employment has to be compensated by internal growth in deficit economies. Moreover, deficit countries need to borrow money from the surplus countries in order to finance their deficit.
Therefore, surplus countries are always in the role of an international creditor and deficit countries are international debtors. However, a current account deficit is not necessarily a bad thing deficit countries enjoy a living standard above their overall income level because they consume more than they produce.
Whereas surplus economies live below their means because part of the domestically produced goods and services are exported and not demanded in the domestic economy. Besides this there are more reasons for importing goods such as availability, price or quality. In any case the imported goods increase the economic welfare in the deficit countries.

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What does Current Account mean?

The eNaira EXPOSED – Nigeria’s Digital Currency Explained!


The eNaira is Nigeria’s Digital Currency, launched on the 25th of October 2021. The eNaira aims to bridge the gap when it comes to financial inclusion. In this review the eNaira app, I talk about my honest experience using the app and the problems I have been having with it and concerns. We also spoke to the Deputy Governor of the CBN, the second in command of the Central Bank of Nigeria. In addition to that, we spoke to the creators of the eNaira itself, the people who built the technology and that’s Bitt Inc. This video is the first of the eNaira series with the aim to educate you about. the Individual eNaira app and the Merchant app. CBN DigitalCurrency
CHAPTERS
0:00 Introduction
1:45 The eNaira Launch
2:55 The eNaira Problems we faced
4:45 The App Review
6:11 The eNaira Individual App
11:00 The eNaira Merchant App
14:04 CBN Deputy Governor on Business / Merchant App
16:03 What Next?
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First eNaira video: https://youtu.be/Kvw4sfj5rAU
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The eNaira EXPOSED - Nigeria’s Digital Currency Explained!

Stocks CRASH! SELL Everything Now? The Sky’s Falling OR Is This The Greatest Opportunity


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I am not a financial advisor… the ideas presented in this video are based my own personal research and opinions only. YOU (and only you) are responsible for the financial decisions that you make.

Stocks CRASH! SELL Everything Now? The Sky's Falling OR Is This The Greatest Opportunity

Useful English for opening a bank account


In this video recorded by Ross IELTS Academy in CIBC, a bank in Canada, we show you how to open an account for yourself.
We tried to cover the type of questions that you might face when doing that.
Here you also find some useful expressions for the same context:
Bank Accounts are classified into four different types. They are,
1) Current Account.
2) Savings Account.
3) Recurring Deposit Account.
4) Fixed Deposit Account.
Debit Card: A debit card is a payment card that deducts money directly from a consumer’s checking account to pay for a purchase. Debit cards eliminate the need to carry cash or physical checks to make purchases directly from your savings.
Credit Card: A credit card is a thin rectangular piece of plastic or metal card issued by financial institutions, which lets you borrow funds from a preapproved limit to pay for your purchases. The limit is decided by the institution issuing the card based on your credit score and history.
Depositing money into account: deposit refers to the money an investor transfers into a savings or checking account held at a bank or credit union.
Interest rate: An interest rate is defined as the proportion of an amount loaned which a lender charges as interest to the borrower, normally expressed as an annual percentage. It is the rate a bank or other lender charges to borrow its money or the rate a bank pays its savers for keeping money in an account.
Good luck

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Useful English for opening a bank account

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