Zach Sells Art Pieces That Are Altered and Falsified,but Convinces

question 45

Essay

Zach sells art pieces that are altered and falsified,but convinces his customers that they are buying original artifacts.Explain the kind of crime committed by Zach.

---

Definitions:

Treasury Bills

Short-term government securities with maturities ranging from a few days to 52 weeks, sold at a discount from their face value.

Intrinsic Value

The inherent or true value of an asset, investment, or company, based on underlying perceptions of its worth.

January Call

An options contract that gives the holder the right to buy the underlying asset at a specified price within January.