Re: Can you measure wall current with a digital multimeter?
It was said before, but it bears repeating, the only reading you can get from a wall receptacle while it's live without breaking the circuit is AC voltage. There are three holes on a receptacle, the two slots that are next to each other are the hot and neutral inputs and the distinct, rounder hole is your ground... you want to measure the hot and neutral.
As far as current goes, that's a whole different ballgame. To measure current, you need to break the circuit on one side (neutral or hot) and put the probes in series.
There is one quote in here that is VERY important and props to JMoose for mentioning it: ...it's not the volts that kill, it's the amps. Remember kids, 1/10th of an amp can kill you given the right situation... that's 100 mA in the right situation (not much, is it?). Most household circuits (in the US anyways) are 15A or 20A unless you're talking circuits for ranges, washers/dryers and the like.
Ohm's law is pretty much the universal way of figuring out the resistance, current and voltage in a circuit. It becomes a little complex when comparing AC to DC because AC stands for alternating current which means current flows both ways in the circuit... DC is direct current which means it only flows in one direction. Ohm's law can be used for AC as well as DC.
Soujurn is correct with the formulas, but for calculating power, a power factor does need to be applied (which is what tone4days was addressing).