An example of fraud would be
A. a promise made by one who did not intend to keep it.
B. a false statement of fact by one who does not know if it is fact or not.
C. the act of hiding a defect so another party will not know of it.
D. all of these.
Answer: D. all of these.
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Which of the following statements about federal flood insurance is true?
A) It is available even if property has been previously flooded. B) It is unavailable in high-risk flood areas. C) It is available only for residences, not for businesses. D) Waiting periods are not used in the federal flood insurance program.
How do developing countries typically manage to keep currencies pegged at values that are too high? Who benefits from such an overvalued currency? Who is hurt by an overvalued currency?
What will be an ideal response?