Fred receives a $14,000.00 per year grant by the federal government because he is disabled. This is a

Name: Fred receives a $14,000.00 per year grant by the federal government because he is disabled. This is a
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The grant received by Fred is a transfer payment because it is a payment made by the government to an individual for a specific purpose without the expectation of receiving goods or services in return.

Fred Receives a $14,000