____________ Obtain Funds from Their Stockholders and Through Open Market

question 63

Multiple Choice

____________ obtain funds from their stockholders and through open market borrowing. ​

• A)Credit unions
• B)Consumer finance companies
• C)Commercial banks
• D)Life insurance companies

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Definitions:

Restricted

Refers to assets or resources that are subject to limitations or conditions on their use, often imposed by contractual agreements or regulations.

Unrestricted

Refers to funds or resources that are not subject to externally imposed restrictions and can be used by the organization for any purpose.

Donated

Items or assets that are given without any expectation of payment or benefit in return.

Endowment Fund

Financial assets donated to institutions or organizations with the stipulation that the funds are to be invested and the principal remains intact.