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When There Are More Than Two Funds of the Relevant

question 14

Multiple Choice

When there are more than two funds of the relevant fund type, combining financial statements would not be required in the CAFR for which types of funds?


Definitions:

Inferior Good

A good that has a negative income effect.

Goods

Physical items that satisfy human wants or needs and can be transferred or sold.

Price-Consumption Curve

Curve tracing the utility-maximizing combinations of two goods as the price of one changes.

Utility

A measure of satisfaction or happiness that a consumer derives from the consumption of goods and services.

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