Which of the Following Is the Most Reliable Means of Distinguishing

Which of the following is the most reliable means of distinguishing a trust relationship from an agency relationship for purposes of deciding which type of fiduciary fund should be used?

A) Examine the amount of money involved; agency relationships generally involve smaller amounts.
B) Examine the aggregate of factors,such as the enactment that brought the relationship into existence,statutes,regulations,etc,that help define the nature of the relationship.
C) Examine the length of time assets will be held; trust relationships are generally in existence longer than agency relationships.
D) Examine the wording of any agreements to determine if the word "trust" or "agency" is used.