[Answer] Which of the following is a transfer payment?I. A $100 transfer from checking to savings.II. A $500 unemployment payment to a construction worker.III. A $1 000 social security check paid to a retiree.I only.II only.I and III only.II and III only.I II and III.

Answer: II and III only.
Which of the following is a transfer payment?I. A $100 transfer from checking to savings.II. A $500 unemployment payment to a constru…

Leave a Reply