When Are Sweepstakes and Contests Unethical

question 90

Multiple Choice

When are sweepstakes and contests unethical? 

• A) The prize has no monetary value. 
• B) The prize is a new product. 
• C) Everyone receives a prize of some sort. 
• D) Consumers think their odds of winning are greater than they really are. 
• E) The sweepstakes or contests are used for publicity.

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Definitions:

Open Market Operations

The buying and selling of government securities by a central bank to control the money supply and interest rates.

Inflation

A sustained increase in the general price level of goods and services in an economy over a period of time, leading to a decrease in the purchasing power of money.

Vault Cash

Physical currency held by banks within their vaults, used to meet customer withdrawals and other cash needs.

Primary Reserve

It is the part of a country's reservable deposits held in cash or in deposits with the central bank, used to manage liquidity and fulfill regulatory requirements.