A common unscrupulous financial practice of railroad promoters (and the basis of the Credit Mobilier scandal) involved
a. federal tax evasion.
b. "insider" ownership of railroad construction companies.
c. sales of worthless railroad bonds to unwitting buyers.
d. insurance fraud.
b. "insider" ownership of railroad construction companies.
Economics
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According to the text, the highest 20 percent of U.S. income households earn about what percentage of total income today?
A) 10 percent B) 20 percent C) 50 percent D) 99 percent
Economics
If checkable deposits in Bank A total $300 million and the required reserve ratio is 10 percent, then required reserves at Bank A equal
A) $3.0 million. B) $30.0 million. C) $3.3 million. D) $300,000
Economics