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What is an endowment fund? a. the financial debt of a government b. a gift of money or property to fund an institution c. another name for red backs d. a secret government account for emergencies
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What is an endowment fund? a. the financial debt of a government b. a gift of money or property to fund an institution c. another name for red backs d. a secret government account for emergencies

User Matt
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2 Answers

9 votes

Answer:

B

Step-by-step explanation:

An endowment fund is an investment fund established by a foundation that makes consistent withdrawals from invested capital.

User Praveen Ojha
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5 votes

Answer:

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Step-by-step explanation:

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User Tonya
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3.3k points
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