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You Are a Brand New Parolee Who Used to Work

question 64

Essay

You are a brand new parolee who used to work selling drugs to fuel your own addiction but now are clean and want to start a new life. The part of the city that you are from is very poor. Your parole officer needs you to write a letter analyzing the economic and social factors that may contribute to your recidivism. What are they, and what are your plans to avoid the pitfalls that may lead to your revocation?


Definitions:

Cash Concentration Account

A cash concentration account is a bank account used by companies to consolidate and manage their cash flows, usually involving the transfer of funds from multiple accounts into this single account.

Firm Benefits

Advantages or favorable factors resulting from the policies or practices of a particular company, including financial remuneration and non-monetary perks.

Liquidity

How effortlessly an asset can be turned into cash without altering its market price.

J. M. Keynes

An influential British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

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