Many Governments Have Extensive Investments in Debt and Equity Securities

Multiple Choice

Many governments have extensive investments in debt and equity securities, held for income and not for hedging purposes. Which types of funds must report these investments at fair value and report unrealized gains and losses in their operating statement?

A) Fiduciary only
B) Governmental, proprietary and fiduciary
C) Proprietary only
D) Proprietary and fiduciary