Which of the Following Statements Is the Best Description of a 'Fraudulent

question 14

Multiple Choice

Which of the following statements is the best description of a 'fraudulent' misrepresentation?

• A)Silence or non-disclosure about a fact which creates a false impression.
• B)A false statement of fact made with the belief that it is true,which the other person relies upon and suffers loss.
• C)A false statement of fact made knowingly,which the other person relies upon and suffers loss.
• D)A false statement of fact made carelessly,which the other person relies upon and suffers loss.

---

Definitions:

Open-market Purchase

The buying of securities by a central bank from the market to inject liquidity and encourage economic growth.

Aggregate Demand

The complete need for goods and services across an economy at an established price level within a specific period.

Government Spending

The total amount of money spent by the government on various services, infrastructure projects, and welfare programs.

Marginal Propensity

A measure of how much an individual's or household's consumption changes when their income changes by one unit.