Which of the Following Transactions Is Classified as an Exchange

question 68

Multiple Choice

Which of the following transactions is classified as an exchange transaction?

• A) Property taxes.
• B) Fees charged by a municipal airport.
• C) Bequest left to the city by a wealthy citizen.
• D) State grant to conduct an after school program for children.

---

Definitions:

Instrumental Value

Refers to the value that something has as a means to a desired or valued end, not valuable in itself but for what it leads to.

Aesthetic Value

The perceived beauty or artistic importance of something, often influencing human appreciation and conservation efforts.

Planetary Management

A worldview advocating for the management of Earth's resources to meet human needs while ensuring long-term sustainability.

Spaceship-Earth

A metaphor suggesting that Earth operates like a spaceship, with finite resources that must be managed wisely to sustain life.