Which of the Following Would Be Accounted for as a Permanent

question 91

Multiple Choice

Which of the following would be accounted for as a permanent fund?

• A) A gift of $65,000 to a school district, to be invested permanently, with the proceeds to be awarded as college scholarships to graduating seniors.
• B) A gift of $65,000 to a school district, to be used for landscaping improvements.
• C) A gift of $65,000 to a city to be invested permanently, with the proceeds to be used to buy books for the city library.
• D) Both A and C

---

Definitions:

Consumer Incomes

The total earnings received by consumers, including wages, salaries, benefits, and other income sources, which affect their purchasing power.

Farm Income

The earnings from agricultural operations, including the sale of crops, livestock, and other farm-related sources.

Farm Household

A living arrangement where families live and work primarily on a farm producing agricultural goods.

Demand For Agricultural Products

The consumer need or desire for products originating from farming and agriculture.