Improperly Collecting Benefits Intended for Victims of a Natural Disaster

question 190

Multiple Choice

Improperly collecting benefits intended for victims of a natural disaster, such as Hurricane Katrina, is an example of:

• A) embezzlement
• B) insider trading
• C) money laundering
• D) personal fraud
• E) none of the other choices are correct

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Definitions:

California Edison

A major public utility company serving much of California, primarily involved in the generation and distribution of electricity.

Investment

The allocation of resources, usually financial, into assets with the expectation of generating income or profit in the future.

Saving Rate

The proportion of disposable income that is saved by individuals or households over a period, rather than being spent.

Interest Rates

Rates at which interest is charged or paid for the use of money, typically expressed as an annual percentage rate.