For a Misrepresentation to Be Fraudulent, It Need Not Be

question 65

True/False

For a misrepresentation to be fraudulent, it need not be material.

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Definitions:

Reserve Ratio

The fraction of deposits that banks are required to hold in reserve and not lend out, often set by central banks to control the money supply.

Gold Coins

These are coins made primarily or exclusively of gold, often used historically as currency and currently as investment or collectible items.

Reserve Ratio

The fraction of deposits that banks are required to hold in reserve and not lend out, set by central banking authorities.

Gold Coins

A type of currency made from gold, used historically as a medium of exchange and a store of value.