A Government Needs to Establish an Investment Policy for Its

question 72

True/False

A government needs to establish an investment policy for its investment trust fund to ensure compliance with the GASB standards.

---

Definitions:

Manic Depression

An alternative term for bipolar disorder, characterized by dramatic shifts in mood, energy, and activity levels, including periods of mania and depression.

Anxiety Reaction

A psychological and physical response to perceived threats or stress, characterized by feelings of worry, nervousness, or unease.

Obsessions

Persistent, intrusive thoughts or impulses that cause distress or anxiety.

Mental Ailments

Health conditions that affect a person's thinking, feeling, behavior, or mood, significantly impacting daily functioning.