Question

Please select the word from the list that best fits the definition redistribution of money among segments of society to help those in need.

Answer 1

A transfer payments corresponds to a definition of redistributing money between segments of society to help those in need.

What is a transfer payments?

It corresponds to the governmental efforts of a country to help the most needy citizens by making a monetary payment where there is no exchange for goods or services. Some examples of transfer payments are:

• Unemployment Insurance
• Social Security

Therefore, a transfer payment constitutes an aid to needy citizens so that they can keep their basic needs met.

Find out more about transfer payments here:

brainly.com/question/7176766

#SPJ1