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Which of the following is NOT an example of a transaction?

Question

Which of the following is NOT an example of a transaction?

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Solution

Step 1: Define the Problem

Identify which option does not fit the definition of a transaction.

Step 2: Break Down the Problem

Understand what constitutes a transaction. A transaction typically involves an exchange of goods, services, or funds between parties.

Step 3: Apply Relevant Concepts

Consider examples of transactions such as buying a product, paying for a service, or transferring money. Identify any option that does not involve such an exchange.

Step 4: Analysis, Verify and Summarize

Analyze each option to determine if it involves an exchange. Verify if any option lacks the characteristics of a transaction.

Final Answer

The option that does not involve an exchange of goods, services, or funds is NOT an example of a transaction.

This problem has been solved

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