Who Was Held Personally Liable to WorldCom Shareholders for Their

question 47

Multiple Choice

Who was held personally liable to WorldCom shareholders for their losses?

• A) NASDAQ
• B) The SEC
• C) WorldCom board members
• D) Jack Grubman

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Definitions:

IMF

International Monetary Fund, an international organization aiming to foster global monetary cooperation, secure financial stability, and facilitate international trade.

Foreign Exchange

The global marketplace for buying and selling national currencies.

Purchasing Power Parity Theory

An economic theory that suggests that in the long term, exchange rates should adjust to equalize the price of identical goods and services in different countries.

Floating Exchange Rates

A system where the value of a currency is allowed to fluctuate according to the foreign exchange market without direct government control.