Which of the Following Is Not a Characteristic of a Fund

question 14

Multiple Choice

Which of the following is not a characteristic of a fund?

• A) Fiscal entity.
• B) Separate legal entity.
• C) Accounting entity.
• D) Contains self-balancing set of accounts.

---

Definitions:

Federal Government

The national government of a federation, which holds authority over the entire territory of the federation, managing affairs that affect the country as a whole.

Nullify

To legally invalidate or render void an action, law, or agreement.

Worcester v. Georgia

A landmark Supreme Court case in 1832 that affirmed the sovereignty of Native American tribes, ruling that states could not impose their laws on Native American lands within their borders.

Cherokee People

A Native American tribe originally from the southeastern United States, with a rich cultural history and significant involvement in American history.