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:

Distribution of Wealth

Refers to the way wealth is distributed among the members of a society, impacting economic inequality and access to resources.

Second Principle

In the context of John Rawls' theory, the second principle of justice describes fair equality of opportunity and the difference principle, allowing inequalities only if they benefit the least advantaged.

Income

The financial gain or money received, typically on a regular basis, for work or through investments.

Well-Ordered Society

A society in which citizens share a common conception of justice that shapes their basic structure of society, leading to cooperative and mutually beneficial living together.