The following are key terms that relate to exchange and non-exchange transactions:

A. Derived tax revenues

B. Exchange transactions

C. Non-exchange transactions

D. Imposed non-exchange transactions

E. Voluntary non-exchange transactions

For each of the following definitions (a-d), indicate the key term from the list above that best matches. Terms may be used more than once.

a) Transactions in which the donor derives no direct tangible benefits from the recipient agency

b) A classification of non-exchange transaction, such as income or sales taxes

c) A category of non-exchange transaction that includes certain grants and entitlements and most donations

d) A category of non-exchange transactions, such as property taxes and most fines and forfeitures.