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The net resources of a governmental fund that the governing body has specified for a particular use are contained in the _______ fund balance.

User Marina
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Final answer:

The net resources of a governmental fund specified for particular use are in the assigned fund balance, designated for public services after budget allocations. This also includes internal government debts when trust funds owe money to each other. The national savings and investment identity reflect the relationship between government budget and financial capital supply.

Step-by-step explanation:

The net resources of a governmental fund that the governing body has specified for a particular use are contained in the assigned fund balance. This terminology refers to the portion of a government entity's fund balance that is earmarked by the government's finance officials for specific purposes. This can be to secure funding for things that will benefit those who live in the areas they represent. Once the budget is set and resources are allocated, different government agencies receive these funds to provide various public services.

Furthermore, it is relevant to mention that when certain portions of the government's budget are not directly held by the public but are within various government trust funds, it is essentially different parts of the government owing each other money. These internal transactions can affect the overall financial position of the government but do not change the net debt held by the public.

Finally, when considering governmental budgets and the allocation of financial capital, the relationship between national savings, investments, and government budget surplus can be represented as S + (T-G) = I + (X-M), where national savings and investment identity for the economy is outlined.

User Vlad Iliescu
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