Which of the following is not considered a unilateral transfer?

A) Income earned from foreign investments
B) Foreign aid
C) Personal gifts to friends or family abroad
D) Institutional charitable donations
E) Government transfers to foreign residents

Unilateral Transfer

A one-way transfer of money, goods, or services from one country to another, without a direct or equivalent return.

Foreign Investments

Investments made by individuals, companies, or governments in assets or business ventures in another country.

Charitable Donations

Financial or material contributions made to non-profit organizations or causes without expecting anything in return.