In 1939, Edwin Sutherland Became the First to Define a Long-Overlooked

question 29

Multiple Choice

In 1939, Edwin Sutherland became the first to define a long-overlooked type of crime as "a crime committed by a person of respectability and high social status in the course of their occupation." What crime was he defining?

• A) street crime
• B) high-class crime
• C) bourgeoisie crime
• D) white-collar crime

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Definitions:

Present Value Equation

A mathematical formula used to determine the current value of a future amount of money or stream of cash flows given a specific rate of return.

FV

Future Value, the value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today.

Compound Interest

Interest calculated on the initial principal of a deposit or loan, as well as on the accumulated interest from previous periods.

Interest on Interest

The interest earned on the reinvestment of previous interest payments, commonly associated with compounding interest.