Question: The primary difference between an agency fund and a trust fund is: (select one option) a. An agency fund never has an end of period

The primary difference between an agency fund and a trust fund is: (select one option)

a. An agency fund never has an end of period balance.

b. Agency funds account for assets invested to generate earnings for a designated purpose.

c. Agency funds account for assets, liabilities, and changes in net assets of external participants in an investment pool.

d. Agency funds account for contributions to retirement plans.

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