If receipt of a federal grant frees up organization funds for other uses, the money spent for other purposes is referred to as ______.

A) fungible
B) nonfungible
C) antifungible
D) interfungible

Question

If receipt of a federal grant frees up organization funds for other uses, the money spent for other purposes is referred to as ______.A)  fungibleB)  nonfungibleC)  antifungibleD)  interfungible

Ashley Stover · Accepted Answer

Final Answer : A, Explanation :  If the receipt of a federal grant frees up organization funds for other uses, it means that the funds are interchangeable or fungible, hence the best choice is A) fungible. Nonfungible (B) means that the funds are not interchangeable, antifungible (C) and interfungible (D) are not relevant terms in this context.

If receipt of a federal grant frees up organization funds for other uses, the money spent for other purposes is referred to as ______.

A) fungible
B) nonfungible
C) antifungible
D) interfungible

Definitions

Learning Objectives

Learning Objectives

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