Every municipality must open and maintain at least one bank account in the name of the municipality.

Which of these statements are correct with regard to municipal bank accounts? $($Indicate all that apply. Incorrect selections will be negatively marked.$)$

Select one or more:

All money received must be paid into the bank account

A municipality may open a bank account abroad

A municipality may not open a bank account abroad

A municipality may not open a bank account other than in the name of the municipality

Water and electricity levies do not get paid into the municipal bank account