A transfer payment is a sum of money
A)spent by government for new goods and services.
B)shifted between members of a household.
C)given by government without a good or service in exchange.
D)moved between companies for goods and services.
E)required to pay taxes.

Question

Quizplus · Accepted Answer

A transfer payment is a payment made by a government to an individual, household, or business without any exchange of goods or services. It is simply a transfer of money from one party to another. Examples of transfer payments include social security, welfare, and unemployment benefits.

A Transfer Payment Is a Sum of Money