Which of the following is a private transfer payment?
A)unemployment benefits received by newly laid-off workers
B)the sale of used clothing at a thrift store
C)the Social Security benefits paid to a retired worker
D)a check for $250 sent by a parent to a daughter at college

Question

Quizplus · Accepted Answer

A private transfer payment is a payment made by individuals or private organizations to other individuals without any goods or services being received in return, such as a parent sending money to a child.

Which of the Following Is a Private Transfer Payment