In a not-for-profit,private university,the federal grant funds given directly to students for financial aid are an example of

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Federal grant funds given directly to students for financial aid in a not-for-profit, private university are considered an agency transaction because the university acts as an intermediary, passing the funds directly to the students without having discretion over their use.

In a Not-For-Profit,private University,the Federal Grant Funds Given Directly to Students