Any Person Who Executes a Scheme or Artifice to Defraud

question 78

Multiple Choice

Any person who executes a scheme or artifice to defraud the United States in excess of $1,000,000 is guilty of: ​

• A)contract fraud.
• B)significant fraud.
• C)large-scale fraud.
• D)major fraud.

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Definitions:

Usury Laws

Legislation that sets maximum interest rates that can be charged on loans, intended to protect consumers from excessive interest.

Price Ceilings

A legally mandated upper limit on the price that may be charged for a product or service.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a particular price over a specified period.

Quantity Supplied

The measure of goods or services available from producers for sale at a particular price.