Fagin and Gretel Agree to Hijack a Truck Carrying a Load

question 1

Multiple Choice

Fagin and Gretel agree to hijack a truck carrying a load of almonds. If Fagin later refuses to go through with the crime, Gretel can

• A)enforce the agreement.
• B)obtain damages in the amount of her partner's share of the illegal profits.
• C)obtain damages in the amount of her own share of the illegal profits.
• D)none of the choices.

---

Definitions:

Nominal Interest Rate

The percentage increase in money that the borrower pays the lender, not adjusting for inflation.

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling, over a given period of time.

Purchasing Power

the value of currency expressed in terms of the amount of goods or services that one unit of money can buy.

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power.