Local Authority Funds and Control Quiz

To deposit funds received by local authorities (correct)

To open a current account for local authorities

To control the property of local authorities

To invest funds received by local authorities

In a current account with a licensed bank (correct)

In a new fund called the Local Authority Fund

In any securities authorized by the Minister of Finance

In any manner authorized by the trustee

To invest in any securities

To open a current account for local authorities (correct)

To control the property of local authorities

To deposit funds received by local authorities

<p>The Local Authority Fund is a component of the funds transferred to local authorities</p> Signup and view all the answers

<p>Complete command and control</p> Signup and view all the answers