Endowment Funds Are Held by

question 34

Multiple Choice

Endowment funds are held by

• A)charitable organizations.
• B)educational institutions.
• C)for-profit firms.
• D)charitable organizations and educational institutions.

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Definitions:

Executive Agreements

Legally binding agreements between the president of the United States and foreign nations, not requiring Senate approval.

Treaty Power

This refers to the power of a country, often exercised by its executive branch, to negotiate, sign, and ratify treaties with other countries, subject to legislative approval in some cases.

Senate

The upper chamber of the United States Congress, consisting of two senators from each state, responsible for making and passing federal laws.

Executive Agreement

An agreement made between the President and a foreign government that is less formal than a treaty and does not require Senate ratification.