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Nata [24]
3 years ago
10

What does the high rate of bankruptcy suggest about the average person's understanding of personal finance?

Social Studies
1 answer:
liberstina [14]3 years ago
4 0

Bankruptcy is a legal rank of a person or other object that cannot reimburse debts to creditors. In here the high rate means that it is a legal process in which a court takes over approximately of the finances of an individual who is incapable to recompense his or her bills.

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Sergeu [11.5K]

A fund known as an agency fund is used to keep track of the assets held by a government while it is temporarily serving as the agent of another government unit, a private party, or both.

<h3>Do agency funds qualify as fiduciary funds?</h3>

Financial statements for fiduciary funds must be used by governments to report their fiduciary activities. These disclosures disclose four different categories of fiduciary funds in accordance with current regulations: agency funds, investment trust funds, private-purpose trust funds, and pension (and other employee benefit) trust funds.

<h3>Agency money and custodial funds are the same, right?</h3>

The biggest change is that, whereas Agency funds had previously displayed everything in the Statement of Fiduciary Net Position as assets and liabilities, Custodial funds would now display Net Position (the difference between assets and liabilities) where it had not previously been.

Learn more about agency fund: brainly.com/question/14262770

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7 0
1 year ago
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Answer:

It improved their position because they could take over their fur trade.  Many fled religious persecution, war, or natural disaster. Others were lured by the promise of fertile farmland, vast forests, and lucrative trade in fur.

Explanation:

8 0
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