Question 23 2 points Save Answer In reference to agency funds, which of the following statements is correct? O a. Agency funds are fiduciary funds used to account for resources that governments hold in a custodial capacity O b. Agency funds can arise from the normal and recurring operations of other funds. c. Agency funds can be used when the governmental entity undertakes necessary administrative duties, such as determining the eligibility of potential recipients. O d. All of the above are correct