ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Having an excess of money
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Having a limited amount of money
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Having a balanced amount of money
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Having a credit line
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Detailed explanation-1: -A cash surplus is the cash that exceeds the cash required for day-to-day operations.
Detailed explanation-2: -In budgetary contexts, a surplus occurs when income earned exceeds expenses paid. A budget surplus can also occur within governments when there’s leftover tax revenue after all government programs are fully financed.
Detailed explanation-3: -A surplus defines the sum of an asset or resource over the portion that is actively used. It may refer to a host of different things, such as sales, income, resources, and products. It defines the items of inventories that remain unused, unbought, or on store shelves.
Detailed explanation-4: -Those funds are called surplus funds. For example, there is a foreclosure judgment entered in the amount of $200, 000. At the public auction, the real property sells for $225, 000. This sale results in surplus funds amounting to $25, 000.
Detailed explanation-5: -A surplus is when you have more of something than you need or plan to use. For example, when you cook a meal, if you have food remaining after everyone has eaten, you have a surplus of food.