Unilateral transfers are A. transactions that take place within the geographic boundaries of a country. B. gifts from residents of one country to foreign residents. C. government transactions that involve reserves. D. transactions that take place across geographic boundaries but in which both participants are citizens of the same country.

Question

Haiden Carrillo

Social Studies

18 September, 00:51

Unilateral transfers are A. transactions that take place within the geographic boundaries of a country. B. gifts from residents of one country to foreign residents. C. government transactions that involve reserves. D. transactions that take place across geographic boundaries but in which both participants are citizens of the same country.

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Nickolas · Answer 1

D. transactions that take place across geographic boundaries but in which both participants are citizens of the same country.

Explanation:

Unilateral transfers are donations, subsidies, ie payments and receipts that have no counterpart for the purchase and sale of goods or services.

This term is used to determine one of the components of a country's balance of payments, which includes amounts entered in the country through donations, war reparations, inheritances, etc. Account consisting of all donations and remittances to the country not related to commercial operations, such as money sent by citizens living abroad.

Thus, we can conclude that unilateral transfers are transactions that occur beyond the geographical borders of a country, but in which both participants are citizens of the same country.