During the Administration of the Second George Bush (2001 Through

question 102

Multiple Choice

During the administration of the second George Bush (2001 through 2008) the annual deficit of the U.S.government

• A)went down by about $500 billion.
• B)stayed about the same as during the previous administration.
• C)increased by about $500 billion.
• D)increased by over $1.8 trillion.

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Definitions:

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.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money, property, or confidential information.