Which of the Following Is True Regarding Fiduciary Funds

question 80

Multiple Choice

Which of the following is true regarding fiduciary funds?

• A) Fiduciary funds are not included in the government-wide financial statements.
• B) Fiduciary funds include agency, pension and other employee benefit) trust, private-purpose trust, and investment trust funds.
• C) Both of the above.
• D) Neither of the above.

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Definitions:

Abreaction

The expression and consequent release of previously repressed emotion, often brought about through therapy or psychological treatment.

Unconscious Urges

Desires or impulses that an individual is not aware of but that can influence emotions and behaviors.

Storehouse

A place where goods and merchandise are stored; a warehouse.

Persona

Persona refers to the social face or character an individual presents to the world, often influenced by societal expectations.