Business, 13.03.2020 18:02 ComicSans10
A city will serve as a conduit for federal grant money which is sent to the city by the state governemnt and must be remitted to various not-for-profit organizations who will use the money. The ultimate allocation of the money is decided by the state-government.
Which of the following terms describes the nature of this grant?
A. Agency grant
B. Fiduciary grant
C. Pass-through grant
D. Partial Grant
Answers: 2
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