Which of the Following Is an Example of White-Collar Crime

question 91

Multiple Choice

Which of the following is an example of white-collar crime?

• A) the armed robbery of a small business by an unemployed lower-class white
• B) an industrial plant ignoring the law which prohibits dumping toxic waste into the environment
• C) legalized prostitution
• D) the slaying of a government official by a subversive and radical political group

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Definitions:

Nominal Interest Rate

The interest rate before adjustments for inflation; the stated or face interest rate on a loan or investment.

Real Rate of Interest

Real Rate of Interest is the interest rate that has been adjusted to remove the effects of inflation, providing a more accurate measure of the cost of borrowing.

Rate of Inflation

This refers to the annual percentage increase in the general price level of goods and services in an economy over a period of time.