A(n)________________ fund is a type of restricted fund where, even though funds are collected, the principal is not allowed to be spent.

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Quizplus · Accepted Answer

An endowment fund is a type of restricted fund where the principal is not allowed to be spent, but the investment income or earnings on the principal can be used for a specific purpose or to support an organization's operations. Capital funds may or may not be restricted, and unrestricted funds can be used for any purpose without any restrictions. Restricted funds may have certain limitations or conditions on how the funds can be used, but the principal can still be spent.

A(n)________________ Fund Is a Type of Restricted Fund Where, Even