Unilateral transfers are payments made by banks for services that foreign governments have provided.

Name: Unilateral transfers are payments made by banks for services that foreign governments have provided.
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Unilateral transfers refer to one-way payments made by a government, private entities, or individuals that do not require a direct exchange of goods or services in return. These can include remittances, grants, or aid, rather than payments for services.

Unilateral Transfers Are Payments Made by Banks for Services That