SIE Exam Practice Question 712
Question: 712
Which of the following are established by states to provide other governmental entities (e.g., cities, counties, and school districts) with a short-term investment vehicle to purchase shares or units in an investment portfolio?
Correct Answer: C
Explanation:
LGIPs (local government investment pools) are established by states to provide other governmental entities (e.g., cities, counties, and school districts) with a short-term investment vehicle to purchase shares or units in an investment portfolio.
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