current account balance (CAB) |
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Definition
Difference between a country's total exports of goods and services, remittances from the migrant workers, and aid grants, but not capital inflows or outflows. A component of balance of payments, it is a measure of a country's competitive strengths and indicates the stability of its currency.
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current account balance (CAB) is in the Banking, Commerce & Finance, Currency Trading and Economics, Politics, & Society subjects.
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