Which payments are referred to as transfer payments?

Question

Q. _____ involves the transfer of goods from one place or person to another and involves the exchange of money.

Answer 1

Transfer payments refers to payments, which are made without any exchange of goods and services and these payments are never included in national income.

Which payments are referred to as transfer payments?

The correct option is C Payments made without any exchange of goods and services Transfer payments refers to payments, which are made without any exchange of goods and services and these payments are never included in national income. + So

The correct option is C Payments made without any exchange of goods and services
Transfer payments refers to payments, which are made without any exchange of goods and services and these payments are never included in national income.

+ So