The direct transfer of goods and services rather than cash is known as
A)In-kind transfers.
B)Transfer payments.
C)Welfare income.

Question

Quizplus · Accepted Answer

In-kind transfers are the direct transfer of goods and services, such as food stamps, housing subsidies, and healthcare, instead of cash payments. Transfer payments refer to any government payments to individuals or businesses, which may include both cash and in-kind transfers. Welfare income is a type of transfer payment that provides cash assistance to low-income individuals or families.

The Direct Transfer of Goods and Services Rather Than Cash