Which Statement About Counterfeiting Is NOT True

question 14

Multiple Choice

Which statement about counterfeiting is NOT true?

• A) Most banks will replace a fake bill and report it to the nearest U.S. Secret Service office.
• B) Counterfeiting has the same effect as increasing the money supply and causes inflation.
• C) Everyone pays for counterfeiting in the form of higher prices.
• D) Passing a fake bill to another person is punishable by law.

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Definitions:

Owners' Equity

The portion of a company's assets that belongs to its owners or shareholders, representing their residual interest.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, ultimately providing a view of the company’s profitability.

Chief Financial Officer

A high-ranking executive responsible for managing the financial actions of a company, including financial planning, record-keeping, and reporting.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific time, showing assets, liabilities, and equity.