Question $42(2$ points$)$

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Which of the following types of pension arrangements result in a government bearing the risk that investments do not yield an expected return?

DefinedDefined

BenefitContribution

Question $42$ options:

$1)$

Pension Trust Fund

$*$b$.$ Permanent Fund

c$.$ Private$-$Purpose Trust Fund

d$.$ Custodial Fund

$2)$

yesyes

$3)$

noyes

$4)$

yesno

$3.$Which of the following is not a fiduciary fund?