Fiduciary activities only benefit parties other than the government itself.

Name: Fiduciary activities only benefit parties other than the government itself.
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Question

Quizplus · Accepted Answer

Fiduciary activities involve holding or managing assets on behalf of others, such as trust funds or pension plans. The government is not the beneficiary of these activities, but rather is acting as a trustee or custodian for the benefit of others.

Fiduciary Activities Only Benefit Parties Other Than the Government Itself