What is an endowment fund?

a.

the financial debt of a government

b.

a gift of money or property to fund an institution

c.

another name for red backs

d.

a secret government account for emergencies



Please select the best answer from the choices provided


A

B

C

D

Respuesta :

Answer:

I would say A. the financial debt of a government or D. a secret government account for emergencies. I am more positive/certain about A than I am D.

Explanation:

A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors.