Which Statement Best Represents a Transfer Payment

question 49

Multiple Choice

Which statement best represents a transfer payment?

• A) You transfer $1000 from your bank account to a mutual fund.
• B) The bank transfers $10 quarterly interest to your savings account.
• C) The government sends your grandfather his pension cheque.
• D) Your employer automatically transfers $100 each month from your wages to a nontaxable medical spending account.

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Definitions:

High-fat Meal

A meal consisting of foods that are rich in fats, which can affect the body's metabolism and heart health.

Compromised Human Dignity

A state or situation in which an individual's respect, self-worth, and privacy are diminished or violated.

Alcohol-induced

Conditions or effects directly caused by the consumption of alcohol.

Sexually Transmitted Infection

An infection transmitted through sexual contact, caused by bacteria, viruses, or parasites.