Which of the Fiduciary Funds Listed Below Is Used to Account

question 16

Multiple Choice

Which of the Fiduciary Funds listed below is used to account for the assets held by a government acting as an agent for one or more other governmental units?

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

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Definitions:

Celler-Kefauver

A United States antitrust law passed in 1950, amending the Clayton Act to prevent corporate acquisitions that could reduce competition.

European Commission

An institution of the European Union responsible for proposing legislation, implementing decisions, upholding the EU treaties, and managing the day-to-day business of the EU.

Boeing

An American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and telecommunications equipment globally.

McDonnell Douglas

A major American aerospace manufacturing corporation and defense contractor, merged with Boeing in 1997.