Which of the Following Statements Is True

question 35

Multiple Choice

Which of the following statements is true?

• A) Transfer payments are not part of total government expenditures.
• B) Transfer payments refer to the transfer of money internationally.
• C) Transfer payments are the transfer of money by the Federal Reserve to people with low incomes.
• D) Transfer payments are income transferred from a citizen who is earning income to another citizen, who may not be.
• E) In 2009, transfer payments paid by all levels of government were less than $3 billion.

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