Current Account surplus can be denoted by _____________.

Receipts on current account > Payments on current account

The correct answer is option (4) : Receipts on current account > Payments on current account

A Current Account surplus is a situation where a country's receipts on the current account, which include income from exports of goods and services, income from investments, and current transfers, are greater than its payments on the current account, which include expenditures on imports of goods and services, income payments to foreign investors, and current transfers made to other countries.