Which of the Following Would Be Considered an Internal Exchange

question 43

Multiple Choice

Which of the following would be considered an internal exchange transaction?

• A) The General Fund transfers $200,000 to establish a Central Supplies Fund; this amount will not be repaid.
• B) The General Fund transfers $125,000 to the Debt Service Fund for payment of currently due bond interest payments.
• C) The General Fund transfers $9,000 to the Central Supplies Fund for supplies it received from Central Supplies.
• D) The Capital Projects Fund completes a library building project and transfers the remaining cash to the Debt Service Fund.

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Definitions:

Ordinal-Level

Refers to a level of measurement where data can be ordered or ranked, but the distances between ranks are not necessarily equal.

Point Biserial

A correlation coefficient used to measure the relationship between a binary variable and a continuous variable.

Nominal-Level

Classification of data, for which the measurement scales are categorized without any order or ranking implied among the values.

Coefficient of Determination

A numerical indicator showing the fraction of the variance in a dependent variable accounted for by one or more independent variables within a regression analysis.