Which of the following represents a transfer payment?O You transfer $1,000 from your bank account to a mutual fund.The government sends your grandfather his Social Security check.O You make a payment to get legal documents showing you purchased a previouslyowned home.Your employer automatically transfers $100 each month from your wages to anon-taxable medical spending account.

Transfer payment are the installments where no decent and administrations are being exchanged

Which of the following represents a transfer payment? O You transfer $1,000 from your bank account to a mutual fund. The government sends your grandfather his Social Security check. You make a payment to get legal documents showing you purchased a previously owned home. Your employer automatically transfers $100 each month from your wages to a non-taxable medical spending account.

Which of the following represents a transfer payment? O You transfer $1,000 from your bank account to a mutual fund. The government sends your grandfather his Social Security check. You make a payment to get legal documents showing you purchased a previously owned home. Your employer automatically transfers $100 each month from your wages to a non-taxable medical spending account.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section: Chapter Questions

Problem 25AA

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