Which of the Following Is True Regarding Fiduciary Funds

question 81

Multiple Choice

Which of the following is true regarding fiduciary funds?

• A) Investment trust funds account for the internal portion of an investment pool, when a government is trustee for that pool.
• B) Private-purpose trust funds account for resources that are administered by a government for the benefit of others, such as a fund held to distribute resources to local not-for-profit charities.
• C) Both of the above.
• D) Neither of the above.

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Definitions:

Hydrogen Atoms

The simplest and most abundant type of atom in the universe, consisting of one proton and one electron.

ATP To ADP

The process by which adenosine triphosphate (ATP) releases a phosphate group to become adenosine diphosphate (ADP), releasing energy for cellular activities.

Equilibrium Point

A condition or state where all competing influences are balanced, often referred to in physical and economic models.

Competitive Inhibition

Binding of a substance (the competitive inhibitor) to the active site of an enzyme, thus lowering the rate of the reaction catalyzed by the enzyme. Compare with noncompetitive inhibition.