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Which the government would account for the resources

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Problem 1: Indicate the fund, if any in which the government would account for the resources described. If fiduciary, rather than a governmental fund, indicate the type of fund, briefly justify the response.

A county maintains an investment pool to which its various proprietary activities, such as its transportation service and its water utility can deposit their cash reserves. Investment pool policies specify that it can invest only in securities that have short-term maturities and satisfy other criteria that make them highly liquid.

Reference no: EM132788013

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