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A Non-Expendable Trust Which Benefits a Government or Its Citizenry

Question 129

Multiple Choice

A non-expendable trust which benefits a government or its citizenry and which stipulates that earnings only (not principal) may be used for its provided purpose is an example of a:


A) Special Revenue Fund.
B) Permanent Fund.
C) Private-purpose Trust Fund.
D) None of the Above

Correct Answer:

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