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) You make a payment to get legal documents showing you purchased a previously owned home.
D) Your employer automatically transfers $100 each month from your wages to a non-taxable medical spending account.
Correct Answer:
Verified
Correct Answer:
Verified
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