Examlex
Many people have a distrust of things or people that are new or different. This distrust, although not always logical, can protect us from new things that are dangerous. Which of the following terms is used for this type of distrust?
Restricted Fund
Funds that are earmarked for a specific purpose by the donor or governing body and cannot be used for general expenses.
Capital Fund
A reserve of capital that can be used for investment, growth, or to cover future liabilities or expenditures.
General Fund
The primary operating fund of a government, covering most common services.
Amortization
The gradual reduction of the cost of an intangible asset over its useful life or the process of spreading loan payments across multiple periods.
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