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

---

Definitions:

Trade Creditors

Entities to whom money is owed for goods and services provided in the normal course of business, but which has not yet been paid.

Liquidator's Fee

Charges or payments made to a liquidator for the process of winding up a company, disposing of its assets, and discharging its liabilities.

Voluntary Winding Up

A process initiated by a company's shareholders to dissolve the company in an orderly manner, liquidating assets to pay creditors and distributing any remaining assets.

Company's Members

Individuals or entities that have an ownership interest in a corporation, commonly referred to as shareholders or stockholders.