How Are Jails Different Than Prisons? ​

question 31

Multiple Choice

How are jails different than prisons? ​

• A)Jails are operated by county and city governments.
• B)Jails only house inmates whohave been convicted of a crime.
• C)Jails house inmates whohave sentences than longer than one year.
• D)Jails offer a wide variety of rehabilitation and educational programs.

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Definitions:

Fair Value

An appraisal of the market value of an asset or liability, reflecting the price it could be sold for or the payment required to assume the liability, within a structured exchange involving market actors.

Nominal Amount

The face value of a bond or other financial instrument, as distinct from its market value or purchase price.

Underwrites

The process of assessing and assuming the risk of another party, often used in the context of insurance policies or issuing of securities.

Investment Firm

A company or financial institution that makes investments in securities, real estate, and other investment vehicles on behalf of its clients.