Which of the following statements regarding the accounting and reporting requirements for governmental fund investments is false?

a. Certain governmental fund investments may be reported at amortized cost rather than fair value.

b. Many general government investments are exempt from fair value standards.

c. Money market investments with remaining maturities of less than one year as of the end of the reporting period are exempt from fair value reporting standards.

d. A change in the fair value of investments is reported in revenue, whether the change is an increase or a decrease.