What is a transfer payment?

Question $1$ options:

The payment made to convert one currency into another.

The transmission of money from one country to another.

The transfer of taxes from the private sector to the government.

A one$-$way transaction in which payment is made but no good or service flows back in return.

Question $2(0\mathrm{.}5$ points$)$

Saved

Under which circumstance will the level of national income expand?

Question $2$ options:

If injections increase.

If savings expand.

If government spending is reduced.

If taxes increase.

None of these.

Question $3(0\mathrm{.}5$ points$)$

The Image depicts the flow of Money.

Refer to the graph above to answer this question. Which flow is involved if money is deposited into a TD savings account

Question $3$ options:

$5$

$6$

$8$

$9$

None of these above.

Question $4(0\mathrm{.}5$ points$)$

The Image depicts the flow of Money.

Refer to the graph above to answer this question. Which flow is involved if the Royal Bank lends money to a business to purchase capital equipment?

Question $4$ options:

$5$

$6$

$8$

$9$

None of these above.

Question $5(0\mathrm{.}5$ points$)$

The Image depicts the flow of Money.

Refer to the graph above to answer this question. Which flow is involved if a Japanese citizen buys a steak from Alberta?

Question $5$ options:

$5$

$6$

$8$

$9$

None of these above.

Question $6(0\mathrm{.}5$ points$)$

The Image depicts the flow of Money.

Refer to the graph above to answer this question. What are flows $(1)$ and $(2)$ respectively?

Question $6$ options:

Consumption expenditures and factor payments.

Consumption expenditures and goods and services.

Factor payments and factors.

Factor payments and goods and services.

Goods and services and consumption expenditures.

View hint for Question $6$

Question $7(0\mathrm{.}5$ points$)$

The Image depicts the flow of Money.

Refer to the graph above to answer this question. What are flows $(3)$ and $(4)$ respectively?

Question $7$ options:

Goods and services and factor payments.

Goods and services and factors.

Consumption expenditures and goods and services.

Goods and services and consumption expenditures.

Factor payments and factors.

View hint for Question $7$

Question $8(0\mathrm{.}5$ points$)$

The Image depicts the flow of Money.

Refer to the graph above to answer this question. What is flow $(6)?$

Question $8$ options:

Exports.

Investments.

Savings.

Factor payments.

Question $9(0\mathrm{.}5$ points$)$

The Image depicts the flow of Money.

Refer to the graph above to answer this question. What is $(8)?$

Question $9$ options:

Investment.

Savings.

Imports.

Financial intermediaries.

Question $10(0\mathrm{.}5$ points$)$

The Image depicts the flow of Money.

Refer to the graph above to answer this question. What is flow $(9)?$

Question $10$ options:

Savings.

Imports.

Factor services.

Exports.

$2$ of $10$ questions saved