Question

1 point
9.Gift, donation and
scholarships are examples of
..... Payment
o
Transfer
Factor
Intermediate
None of these​

Answer 1

Answer:

transfer

Explanation:

in case of transfer payment works are not done

Answer 2

Answer:

The correct answer is : Transfer.

Gift, donation and scholarships are examples of transfer payment.

Explanation:

• Transfer payments are sums of money that are given or received but for which no products or services are being exchanged.
• It resembles a one-way payment.
• Pensions, scholarships, and unemployment benefits fall under this heading.
• They are all therefore transfer payments.

• A transfer payment is a one-way payment made to an individual or group without any exchange of goods or services.
• Contrast this with a straightforward "payment," which in economics is a money transfer in exchange for a good or service.
• In general, payments made by the government to individuals through social programmes like welfare, student loans, and even Social Security are referred to as "transfer payments."
• Transfer payments are not typically used to describe government payments to firms, including unconditional bailouts and subsidies.

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