Which of the following are examples of transfer payment
ECONOMICS
JAMB 2015
Which of the following are examples of transfer payment
- A. gift and donations
- B. rents and rates
- C. profit and dividends
- D. internal and external debts
Correct Answer: A. gift and donations
Explanation
Examples of transfer payments include welfare, financial aid, gifts, social security, and government making subsidies for certain businesses.
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