Which Is False Regarding Larceny

question 10

Multiple Choice

Which is false regarding larceny?

• A) Taking a firearm from a home or car is automatically considered grand larcency.
• B) If money and/or property is taken directly from a person, anything over $5 is considered grand larceny.
• C) The categorization of larceny has no influence on the level of punishment.
• D) Grand larceny generally requires theft of property valued at more than $200.

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Definitions:

Required Reserves

Minimum vault cash or reserves; held at the Federal Reserve District Bank.

Federal Open Market Committee

The branch of the Federal Reserve System that is responsible for setting the direction of monetary policy by buying and selling government securities.

Fed's Governing Board

The main governing body of the Federal Reserve, responsible for setting monetary policy and overseeing the operations of the Federal Reserve Banks.

President

The elected head of a republican state or organization, responsible for leading and sometimes representing the entity in various capacities.