An Example of a Transfer Payment Is

question 123

Multiple Choice

An example of a transfer payment is:

• A) expenditure on national defense.
• B) a Social Security payment to the disabled.
• C) expenditure on public school education.
• D) purchasing a new city police car.

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Definitions:

Unreasonable

Not based on or acting according to reason or sound judgement; exceeding the bounds of acceptability or fairness.

Legally Binding Contract

An agreement between parties that is enforceable by law, requiring all involved to fulfill their contractual obligations.

Agreement

A mutual understanding or arrangement between two or more parties, often legally binding, regarding their rights and duties.

Guarantee

A legal commitment to assume responsibility for another's performance, such as repaying a loan or fulfilling a contract obligation.