Which of the following is an example of a transfer payment?

Question

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A pension payment to a retired military person is an example of a transfer payment because it involves money being transferred from the government (in this case, the Department of Defense) to an individual without any corresponding goods or services being provided in return. The retired military person receives the payment simply because they are eligible for the pension, not because they have performed any work or provided any goods.

Which of the Following Is an Example of a Transfer