Which of the Following Is NOT a Fiduciary Fund

question 74

Multiple Choice

Which of the following is NOT a fiduciary fund?

• A) Pension trust fund.
• B) Investment trust fund.
• C) Permanent fund.
• D) Private-purpose trust fund.

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Definitions:

Elastic

Describes a situation in which the demand or supply for a good or service changes significantly when its price changes.

Inelastic

A situation in which the demand or supply for a product does not change significantly in response to price changes.

Fixed Productive Capacity

The maximum output that an economy can produce without increasing inflation, assuming resources are fully utilized.

Chocolate

A sweet, typically brown food preparation of roasted and ground cacao seeds.