Question

Which of the following statements is true?

Option 1: Fraud is often labeled the fastest growing crime.
Option 2: Bank robberies are more costly than frauds.
Option 3: FBI agencies are spending approximately 35 percent of their time on fraudulent activities.

Answer 1

The true statement is that 1. fraud is often labeled as the fastest growing crime, largely due to the rise of technology and cybercrime.

Step-by-step explanation:

Among the given options, the statement that 1. fraud is often labeled the fastest growing crime is true. Advances in technology have made it easier for criminals to commit fraud, especially through means such as identity theft and cybercrime.

In contrast, while bank robberies do have an impact, they are generally less costly than frauds, as most money in modern times is not in physical form but exists as electronic records which are less susceptible to traditional bank robbery. Additionally, it is unlikely that FBI agencies spend a fixed percentage such as 35 percent of their time on fraudulent activities since such allocations vary based on current crime trends and priorities.