For each of the following, indicate the fund, if any in which the government would account for the resources described. If a fiduciary, rather than a governmental fund, indicate the type of fund. Briefly justify your response.

A county maintains an investment pool to which towns within its jurisdiction can deposit their cash reserves. Investment pool policies specify that it can invest only a securities that have short-term maturities and satisfy other criteria that make them highly liquid. The pool is considered a trust and the assets are thereby protected from the claims of the governments creditors.

answer in below manner

1. Government fund: _____________________________ or Not Applicable _______________

Fiduciary fund: ________________________________ or Not Applicable _______________

If Fiduciary fund, what type: _____________________

Justification: ________________________________________________________________

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