The current account balance (CAB) ... The four major components of a current account are goods, services, income, and current transfers. Understanding the Current Account Balance.

A current account consists of four primary components, where the trade balance usually determines a surplus or deficit. The exchange rate has a notable impact on the trade balance.

A balance sheet is a financial statement that accounts for a business's assets, liabilities, and shareholders' equity at a specific time.

A balance sheet shows a company's assets, liabilities, and shareholder equity at that point in time. Learn how they work, how to read one, and why they're important.