A Fund That Is the Result of an Agreement Between

question 68

Multiple Choice

A fund that is the result of an agreement between a contributor and a government that the principal and/or income of trust assets is for the benefit of individuals,organizations,or other governments is a(n) :

• A) Agency fund
• B) Private-Purpose Trust Fund
• C) Investment Trust Fund
• D) Pension Trust Fund

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Definitions:

Omnibus

An overarching term used to describe a single document or collection containing multiple individual items, often used in legal or legislative contexts.

ANOVA

Short for Analysis of Variance, a statistical method used to compare the means of three or more samples to understand if at least one of the sample means significantly differs from the others.

Level of Significance

The threshold below which a result is considered statistically significant, often denoted by alpha (α), commonly set at 0.05 or 5%.

F Statistic

A value calculated during the analysis of variance (ANOVA) used to determine whether the means of three or more groups are different.