A surplus item, in the context of international trade and finance, refers to any transaction that results in a receipt by a resident of a country or its government, indicating an inflow of resources or financial gain.

Solved

A Surplus Item Is

Question 50

Multiple Choice

A surplus item is

A) the import of goods or services that is not needed by residents of a country.
B) the import or export of products that are by-products of the manufacturing of export goods.
C) any transaction that leads to a receipt by a resident of a country or its government.
D) any transaction that leads to a payment by a resident of a country or its government.

Correct Answer: