Jerome Kerviel, Joseph Jett, and Nick Leeson Had What in Common

question 55

Multiple Choice

Jerome Kerviel, Joseph Jett, and Nick Leeson had what in common?

• A) They all went to jail
• B) They all bankrupted or nearly bankrupted their companies
• C) They all embezzled from their companies
• D) None of the above

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Definitions:

Future Payments

Payments that are scheduled to be made at a later date or period, often related to loans or financing arrangements.

Investment Privately

Allocating financial resources into private enterprises not listed on public stock exchanges.

Maximum Price

The highest price a buyer is willing to pay for a good, service, or financial instrument.

Non-Redeemable GICs

Guaranteed Investment Certificates that cannot be cashed in before their maturity date without incurring a penalty.