Which of the following is not an example of an international transfer payment?
A) Myrna, a U.S. citizen, remits a gift of $300 to her aunt in Albania.
B) The U.S. government has pledged $100 million in foreign aid to Ethiopia.
C) The Melinda and Bill gates Foundation make a donation of $50 million dollars to an orphanage in Lithuania.
D) The Red Cross purchases $50 million dollars of equipment for its operations abroad.
Correct Answer:
Verified
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Exhibit:
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