All of the Following Are Surplus Items on the Balance

question 161

Multiple Choice

All of the following are surplus items on the balance of payments accounts EXCEPT

• A) U.S. residents purchases of gold from foreign residents.
• B) foreign tourists spending funds in the United States.
• C) exports of merchandise.
• D) sales of U.S. dollars to foreign residents.

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Definitions:

Paid Vacation Time

Employment benefits allowing employees a certain period of paid leave from work for rest, recreation, or personal matters.

Public Holidays

Legally recognized days of celebration or remembrance that usually result in a pause of regular business operations and work activities across the country.

Fair Labor Standards Act

A United States law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week, and prohibits the employment of minors in "oppressive child labor."

Overtime Pay

Additional compensation awarded to employees who work beyond their scheduled hours, as mandated by employment laws.