Asked by

Christopher Kanatselis
on Nov 12, 2024

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Which of the following is not considered a unilateral transfer?

A) Foreign aid from one government to another
B) Income earned from foreign investments
C) Personal gifts to friends in foreign countries
D) Donations to foreign countries from non-government domestic charities
E) Government transfers to foreign residents

Unilateral Transfer

A one-way transaction where a country provides resources, goods, or money to another country without expecting anything in return.

Foreign Aid

An international transfer made on especially favorable terms for the purpose of promoting economic development.

Domestic Charities

Organizations within a country that are established for philanthropic reasons, focusing on local or national issues and causes.

  • Understand the contribution of unilateral transactions to a country's balance of payments.
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BF
Brock FergusonNov 12, 2024
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