Multiple Choice
An Olympic medalist swimmer who grew up in the city contributed $750,000 to the city stipulating that the money be invested and that the earnings thereon be used for maintenance of the swimming complex. The $750,000 would most appropriately be recorded in a(an) :
A) Custodial fund.
B) Permanent fund.
C) Private-purpose trust fund.
D) Investment trust fund.
Correct Answer:
Verified
Correct Answer:
Verified
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