An amperage transformer, commonly known as a current transformer, exists and functions by measuring current rather than voltage. It operates on the principle that while transformers can step up voltage, they inherently reduce current, and vice versa. A typical current transformer includes a magnetic core around a current-carrying cable and a secondary coil connected to an ammeter, allowing for a 1:N ratio measurement of the current. These devices are widely used in power distribution centers for accurate current monitoring. Caution is advised not to open circuit the secondary, as it can lead to high open circuit voltage.