Which of the Following Funds Frequently Does NOT Have a Fund

question 23

Multiple Choice

Which of the following funds frequently does NOT have a fund balance?

• A) General fund
• B) Agency fund
• C) Special revenue fund
• D) Capital projects fund

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Definitions:

Spot Market

An open financial market where commodities or financial instruments are exchanged and delivered right away.

Discount

To calculate the present value of some future amount.

Future

A standardized legal contract to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Forward Market

A marketplace for financial contracts that are agreed upon now but settled at a future date.