The following is the definition for what type of fund? Any fund held by a governmental unit ordinarily as agent or trustee, also called trust and agency funds.
A. General fund
B. Fiduciary fund
C. Proprietary fund
D. Capital projects fund
E. Permanent fund
Fiduciary funds which are also referred to as trust and agency funds are funds associated with assets that the government holds but it cannot use it for funding its own needs or programs. For example, Pension Funds.
