Examlex
Which of the following is not a channel for delivering banking services?
Transfer Payments
Cash or in-kind benefits given to individuals as outright grants from the government.
Double-Entry Bookkeeping
An accounting method that records each transaction in two accounts, ensuring that the total debits equals the total credits and maintaining the balance of the accounting equation.
Aggregate Output
The total quantity of goods and services produced in an economy in a given period.
Transfer Payment
A payment made by the government to individuals, without the government receiving any goods or services in return.
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