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An example of transfer payments is
  • a)
    Old age pension
  • b)
    Retirement pension
  • c)
    Free meals in the company canteen
  • d)
    Employers’ contribution for social security
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
An example of transfer payments isa)Old age pensionb)Retirement pensio...
Transfer payments are unilateral ( one sided payments ) no corresponding flow of goods and services for example: donation, old age pension, unemployment allowance etc
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Most Upvoted Answer
An example of transfer payments isa)Old age pensionb)Retirement pensio...
Contributions to employee health insurance

a) Old age pension is an example of transfer payments.
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Community Answer
An example of transfer payments isa)Old age pensionb)Retirement pensio...
Because old age pension is a type of Financial assistance given by the government to old people without providing any factor services
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An example of transfer payments isa)Old age pensionb)Retirement pensionc)Free meals in the company canteend)Employers’ contribution for social securityCorrect answer is option 'A'. Can you explain this answer?
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