Which of the Following Is Not Considered a Fiduciary Fund

question 21

Multiple Choice

Which of the following is not considered a fiduciary fund?

• A) Agency Fund
• B) Investment Trust Fund
• C) Permanent Fund
• D) Private-purpose Trust Fund

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Definitions:

Reconstruction Acts

Legislation passed after the Civil War that outlined the process for re-admitting Southern states into the Union, while also establishing conditions for suffrage and civil rights for formerly enslaved people.

Civil Rights Act

A landmark piece of legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.

Congress

A national legislative body, particularly in the United States, composed of the Senate and the House of Representatives.