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Please select the word from the list that best fits the definition redistribution of money among segments of society to help those in need.

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A transfer payments corresponds to a definition of redistributing money between segments of society to help those in need.

What is a transfer payments?

It corresponds to the governmental efforts of a country to help the most needy citizens by making a monetary payment where there is no exchange for goods or services. Some examples of transfer payments are:

  • Unemployment Insurance
  • Social Security

Therefore, a transfer payment constitutes an aid to needy citizens so that they can keep their basic needs met.

Find out more about transfer payments here:

https://brainly.com/question/7176766

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