Country X received $2 billion from country Y as transfer payments.This receipt will be considered by country X as aA. grant.B. loan.C. subsidy.D. tax revenue
Question
Solution 1
The receipt of $2 billion from country Y by country X as transfer payments will be considered by country X as a A. grant.
Here's why:
A. Grant: This is a financial aid given by one country to another, which does not need to be repaid. In this case, the $2 billion received by country X is a transf Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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