The Knapp Commission Found Corruption Throughout New York's Police Force

question 3

Multiple Choice

The Knapp commission found corruption throughout New York's police force that stemmed primarily from _____.

• A) illegal drug trafficking and gambling
• B) offers of free coffee and meals
• C) bootlegging and prostitution
• D) illegal lotteries and loan sharking

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Definitions:

Coupon Rate

Interest yielded on a bond each year, displayed as a percentage of its face value.

Market Rate Of Interest

The prevailing rate of interest available in the marketplace for securities of similar risk and maturity.

Semi-Annual Interest

Interest that is calculated and paid twice a year, typically used for bonds and loans.

Bonds

Fixed income investments where an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a fixed interest rate.