Which of the Following Would Not Be a Nonexchange Transaction

question 64

Multiple Choice

Which of the following would not be a nonexchange transaction for a state government?

• A) Fines and forfeits.
• B) Property taxes.
• C) Sales of lottery tickets.
• D) Income taxes.

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Definitions:

Folate

A B-vitamin essential for red blood cell formation and for healthy cell growth and function.

Vitamin E

A group of eight fat-soluble compounds that include tocopherols and tocotrienols, which act as antioxidants protecting cells from damage.

Rugae

Folds or wrinkles found in the stomach lining that allow for expansion as the stomach fills.

Stomach

A muscular organ in the gastrointestinal tract of humans and many animals, responsible for digesting food by secreting acid and enzymes.