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:

Gig Economy

A labor market characterized by the prevalence of short-term contracts or freelance work, as opposed to permanent jobs.

Lifetime Employees

A concept where employees stay with a single employer for the entirety of their career, often seen as offering stability and loyalty.

Working Individuals

Refers to people who are engaged in employment or activities that contribute to the production of goods and services.

Polysome

A complex formed by multiple ribosomes simultaneously translating a single mRNA strand during protein synthesis.