Which of the Following Is an Example of a Surplus

question 23

Multiple Choice

Which of the following is an example of a surplus item on the Balance of Payments?

• A)private gifts to foreigners
• B)public gifts to foreigners
• C)interest receipts from foreigners
• D)purchases of gold from foreigners

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Definitions:

Financial Resources

Financial resources are the funds available to a business or individual for spending, investment, and other purposes.

Accumulate

To gather or collect items over a period of time, often for a specific purpose or to achieve a particular goal.

Vest

To bestow a right, immediate or future, for the ownership of (an asset, typically a stock or option) to a worker under a plan, which may be subject to conditions.

Current Liability

Financial obligations or debts that are due to be paid within a year or within the normal operating cycle of a business.