Question

Question 32 of 50

Which of the following choices is an example of a transfer benefit?
welfare payments
interest paid on a home loan
income tax deductions
Orent paid to the owner of a building

Answer 1

Sure, I'd be happy to help! The correct answer is:

B. Interest paid on a home loan

Step-by-step explanation:

Interest paid on a home loan is an example of a transfer benefit because it is a payment made by the borrower to the lender, and it does not directly benefit the borrower in any way. The borrower is simply paying for the use of the lender's money, and the lender is receiving a benefit in the form of interest payments.

Step-by-step explanation: