Which of the Following Represents a Transfer Payment

question 337

Multiple Choice

Which of the following represents a transfer payment?

• A) You transfer $1,000 from your bank account to a mutual fund.
• B) The government sends your grandfather his Social Security check.
• C) The bank transfers $10 in quarterly interest to your savings account.
• D) Your employer automatically transfers $100 each month from your wages to a non-taxable medical spending account.

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Definitions:

Drapetomania

A debunked and racist 19th-century hypothesis that suggested enslaved Africans who fled captivity were suffering from a mental illness.

Mental Disorder

A condition characterized by disturbances in a person's thought, feeling, or behavior, leading to distress or impaired functioning.

Fight-Or-Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.

Nineteenth Century

The period from January 1, 1801, to December 31, 1900, marked by significant industrial, cultural, and political changes worldwide.