Solved

Which of the Following Transactions Is a Transfer Payment

Question 3

Multiple Choice

Which of the following transactions is a transfer payment?


A) The government pays an employee by making a direct transfer to the employee's bank account.
B) An army officer transfers part of her pay to the government to pay her taxes.
C) A senior citizen receives a Social Security payment.
D) All of these are transfer payments.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents