A Form of Fraud in Which the Payments Made by One

question 47

Multiple Choice

A form of fraud in which the payments made by one customer are systematically applied to the account of another is called:

• A) lapping
• B) malfeasance
• C) pre-posting
• D) knitting

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Definitions:

Income-Maintenance Programs

Government programs designed to provide financial assistance to individuals or households to ensure a minimum level of income.

Aggregate Spending

The total amount of spending in an economy, including consumption, investment, government purchases, and net exports.

Medicare

In the United States, a national health coverage scheme available to individuals over 65, younger persons with specific disabilities, and those suffering from End-Stage Renal Disease.

Statistical Discrimination

A situation where individuals are judged based on the average characteristics of their group instead of their own specific attributes or merits.