Multiple Choice
Which of the following 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.
Correct Answer:
Verified
Correct Answer:
Verified
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