A fund that exists when the government is the sponsor of a multigovernment investment pool and accounts for the external portion of the trust assets is a(n):

Question

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An Investment Trust Fund serves as the sponsor of a multigovernment investment pool where the government is the sponsor and accounts for the external portion of the trust assets. This type of fund is used to account for the portion of investment pools that the government sponsors but does not use for its own purposes. Agency fund is used to account for assets held by the government temporarily in a custodial capacity. Private-Purpose Trust Fund is used to account for resources that are held in trust for the benefit of parties outside the government. Pension Trust Fund is used to account for assets of pension plans that are administered by the government.

A Fund That Exists When the Government Is the Sponsor