Question

Which of the following statements is true?

a) on a per-incident basis, bank robberies are more costly than frauds
b) fraud is often labeled the fastest growing type of crime
c) FBI agencies usually investigate frauds that occur within organizations
d) none of the above

Answer 1

The correct answer to the student's question is that fraud is often labeled as the fastest growing type of crime, with wide-ranging impacts on individuals and society.

Step-by-step explanation:

The true statement among the options provided is b) fraud is often labeled the fastest growing type of crime. Fraud can be considered a fast-growing type because of its prevalence in modern society where technology and digital transactions have widened its scope. The FBI indeed investigates various forms of fraud, especially when they have significant impacts or involve interstate commerce or federal jurisdictions. Moreover, financial crimes like fraud have large indirect and intangible costs, as they affect not just individuals but also the broader economy.