Which of the following is an example of a transfer payment?
A)the salary paid to a corporal in the marines
B)the salary earned by a professor at a state university
C)a social security payment
D)a paycheck from your part-time job

Question

Quizplus · Accepted Answer

A transfer payment is a payment made by the government to individuals without any goods or services being exchanged. Social security payments are an example of transfer payments. The other options listed are not transfer payments as they involve an exchange of goods or services for money.

Which of the Following Is an Example of a Transfer