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:

Code of Ethics

A set of guiding principles designed to influence the conduct and decision-making of professionals within an organization or profession.

Sexual Relationships

Interpersonal relationships that involve physical and emotional intimacy of a sexual nature.

Prohibited

Forbidden by law, rules, or other authority.

Tarasoff v. Regents

A landmark legal case in which the Supreme Court of California held that mental health professionals have a duty to protect individuals who are being threatened with bodily harm by a patient.