A-LevelEconomicsThe macroeconomy9708/12 · May/June 2017 · Q161 Mark
Which is a transfer payment?
Aan annual allowance paid by an individual to a grandchild
Bone-off bonus paid to an employee for a special contribution to a firm's profits
Cpayment made by a parent to a regular child-minder
Dthe monthly salary of an employee of a local authority
✓ Correct answer
A: an annual allowance paid by an individual to a grandchild
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