A Private-Purpose Trust Fund Where the Principal Is Not Expendable

question 140

Multiple Choice

A private-purpose trust fund where the principal is not expendable, normally it is called a/an:

• A) Donation.
• B) Endowment.
• C) Gift.
• D) Transfer.

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Definitions:

Conquistadors

Spanish explorers and soldiers who participated in the conquest of the Americas in the 16th century, often for gold, glory, and the spread of Christianity.

Mexica

Refers to the indigenous people who were the rulers of the Aztec Empire, centered in what is now Mexico City, before the Spanish conquest in the 16th century.