Tiffany gives $50 to Jeremy for his birthday.This is an example of a(n)

Name: Tiffany gives $50 to Jeremy for his birthday.This is an example of a(n)
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Question

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Tiffany's action of giving $50 to Jeremy for his birthday is a voluntary transfer because she chooses to give the money without any obligation. It is also considered a gift, which is a type of voluntary transfer where something is given without the expectation of receiving something in return.

Tiffany Gives $50 to Jeremy for His Birthday