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Question: The international accounting firm Ernst & Young performed a global survey on fraud. The results of that survey are summarized in a report titled "Driving Ethical Growth-New Markets, New Challenges" (Ernst & Young, 13th Global Fraud Survey). You can find this report by doing an Internet search on the title.
Instructions: Read the Executive Summary section, and then skim the remainder of the report to answer the following questions.
(a) What was the global percentage of companies that experienced fraud during the period covered by the survey, and what country had the highest rate?
(b) What percentage of survey respondents were asked to participate in an anti-bribery/ anti-corruption (ABAC) risk assessment in the last two years prior to the survey?
(c) What percentage of C-suite executives have not attended ABAC training?
(d) According to Figure 3, what source of cybercrime concerns respondents the most?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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