When People Become ________ Concerned with the Underlying Value of Their

question 80

Multiple Choice

When people become ________ concerned with the underlying value of their assets and became ________ concerned with the expectations that the prices of their houses would continue increasing, a housing bubble occurred.

• A)less; less
• B)less; more
• C)more; less
• D)more; more

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Definitions:

Nonfraudulent Representation

Any statement or declaration that is truthful and not intended to deceive or mislead.

Scienter

A legal term referring to the knowledge of wrongdoing or fraudulent intent in actions that lead to litigation, particularly in securities fraud.

Silence

The absence of sound or the state of choosing not to speak or respond in communication.

Fraud

Consciously tricking someone in order to gain illicitly or to rob a victim of their rightful due.