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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
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Correct Answer: Option A
Explanation

Examples of transfer payments include welfare, financial aid, gifts, social security, and government making subsidies for certain businesses.

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