What is true regarding a transaction?

Multiple Choice

Transactions are exchanges between the business and other parties. The business gives and receives in the exchange.

Transactions are exchanges between the business and other external parties. The business gives but does not receive in the exchange.

Transactions are exchanges between the business and other internal parties. The business gives and receives in the exchange.

Transactions are often exchanges between the business and other parties. The business does not always give and receive during the exchange.