Nonreciprocal Interfund Activity

question 30

Multiple Choice

Nonreciprocal interfund activity:

• A) Includes interfund services provided and used
• B) Includes exchange-like transactions
• C) Includes interfund loans
• D) Includes interfund transfers and reimbursements

---

Definitions:

Price Elasticity

An assessment of the degree to which the demand or supply for a product varies following a price alteration.

Demand Curve

A graph showing the relationship between the price of a good and the amount of it that consumers are willing and able to purchase at various prices.

High-price Ranges

The upper levels of price points at which products or services are sold, often implying premium quality or exclusivity.

Perfectly Inelastic

Describes a situation in demand or supply where the quantity demanded or supplied does not change in response to a price change.