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

Question

Quizplus · Accepted Answer

An exchange transaction is one where each party is given and receives essentially equal value. A nonexchange transaction is one where a government receives resources without directly giving equal value in exchange. Sales of lottery tickets is an exchange transaction. Property taxes, fines and forfeits and income taxes are nonexchange revenues.

Which of the Following Would Not Be a Nonexchange Transaction