Currency Transaction Reports Can Help Determine Whether ____ Occurred

question 41

Multiple Choice

Currency transaction reports can help determine whether ____ occurred. ​

• A)tax fraud
• B)money laundering
• C)both tax fraud and money laundering
• D)neither tax fraud nor money laundering

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Definitions:

Financial Assets

Assets such as stocks, bonds, bank deposits, or any other instrument that derives value because of a contractual right or ownership claim.

Future Cash Flows

The estimated amount of money to be received or paid out over a specified future period by an investment or business operation.

Stockbroker

A professional who buys and sells stocks and other securities on behalf of clients in exchange for a fee or commission.

Securities

Financial instruments that represent an ownership position in a publicly traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.