Although There Has Been a Reported Increase in Counterfeit Money

question 34

Multiple Choice

Although there has been a reported increase in counterfeit money, it is estimated to currently account for

• A)less than 1 percent of genuine currency.
• B)between 1 and 2 percent of genuine currency.
• C)between 2 and 5 percent of genuine currency.
• D)between 5 and 10 percent of genuine currency.
• E)more than 10 percent of genuine currency, but less than 50 percent.

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Definitions:

Rational Choice

A theory in economics and sociology that states individuals choose the most advantageous option considering the costs and benefits.

Best Use

The most efficient or effective utilization of a resource or asset in order to achieve the desired result or maximum value.

Resources

Assets, materials, and inputs needed for the production of goods and services, including natural resources, human resources, and capital.

Economics

The social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity.