The Unauthorized Use of a Credit Card to Obtain Goods

question 275

Multiple Choice

The unauthorized use of a credit card to obtain goods, services, or cash is:

• A) credit card fraud
• B) economic espionage
• C) identity fraud
• D) consumer fraud
• E) embezzlement

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Definitions:

Price Level

The current mean cost of goods and services across the full economic production.

Money Demand

The desired holding of financial assets in the form of money, which varies inversely with the interest rate.

Price Level

The economy-wide current average price for its entire range of goods and services.

Supply of Money

The total amount of money available in an economy at a specific time, including currency and deposits.