What Was the Approximate Average Annual Cost of Incarceration Per

question 19

Multiple Choice

What was the approximate average annual cost of incarceration per prison inmate in 2003?

• A) $14,000
• B) $23,000
• C) $38,000
• D) $52,000

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Definitions:

Checking Deposits

Balances in bank accounts from which funds can be withdrawn by writing a check or using a debit card, usually without any interest benefits.

Financial Intermediaries

Institutions that act as middlemen in financial transactions, typically between savers and borrowers.

Commercial Banks

Financial institutions that offer a wide range of services to businesses and consumers, including deposit accounts, loans, and money transfers.

Minimum Balance

The smallest amount that must be maintained in a bank account to avoid penalties, such as service charges.