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What Are the Five Types of Governmental Funds

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What are the five types of governmental funds?


Definitions:

Producer/Manufacturer

An entity or individual responsible for creating and producing goods or services to meet consumer demand.

Financial Shrewdness

The trait of having an astute understanding and smart management of financial resources.

Effectively

In a manner that produces the intended or desired result with efficiency.

Exchange Process

The act of giving one thing and receiving another, especially in terms of goods, services, or monetary value, between parties.

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