1. Which of the following funds does not require that a trust agreement exist?

Select one:

a. Investment Trust Fund

b. Private-Purpose Trust Fund

c. Custodial Fund

d. Pension Trust Fund

2. Which of the following activities should be excluded when governmental fund financial statements are converted to government-wide financial statements?

Select one:

a. Fiduciary activities.

b. Proprietary activities.

c. Government activities.

d. Enterprise activities.