Odometer Fraud Laws

question 49

Multiple Choice

Odometer fraud laws:

• A) impose the same standards on both private sellers and auto dealers.
• B) allows the buyer to collect twice the actual loss from the fraud.
• C) limits the total loss the buyer can collect to $1,500.
• D) all of the above.

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Definitions:

Trade Deficits

A situation where a country's imports of goods and services exceed its exports.

Domestic Investment

The total amount of money that is invested within a country's borders by both the public and private sectors.

U.S. Saving

The portion of disposable income that is not spent on consumption of goods and services in the United States, but set aside for future use.

U.S. Investment

The action or process of allocating resources, typically financial, into investment products or opportunities within the United States, seeking growth or income.