Multiple Choice
Which of the following statements about the Uniform Prudent Management of Institutional Funds Act (UPMIFA) is correct?
A) It establishes a maximum total return rate for investments.
B) It requires that the spending rate for the return on investments be no more than five percent.
C) It allows institutions to release net assets from restrictions if certain criteria are met.
D) It requires that specific policies concerning solicitation of donations be established.
Correct Answer:
Verified
Correct Answer:
Verified
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