Generally, Misdemeanors Are More Serious Than Felonies

question 58

True/False

Generally, misdemeanors are more serious than felonies.

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Definitions:

Fed

Refers to the Federal Reserve System, which is the central banking system of the United States, responsible for monetary policy.

Checkable Deposits

Deposits in a bank or other financial institution against which checks can be written or ATM or debit card transactions can be made.

Medium of Exchange

An instrument or system used to facilitate the sale, purchase, or trade of goods between parties, typically money in modern economies.

Store of Value

An asset that can be saved, retrieved, and exchanged in the future without depreciating significantly.