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.
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.
Chapter16: Interest, Rent, And Profit
Section: Chapter Questions
Problem 3QP
Related questions
Question
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. |
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