Interest calculations are truncated at two decimal places, and the excess decimals are put into an account

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Interest calculations are truncated at two decimal places, and the excess decimals are put into an account the perpetrator controls. What is this fraud called?

a. Typosquatting

b. URL hijacking

c. Chipping

d. Round-down fraud

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Accounting Information Systems

ISBN: 9781292060521

13th Global Edition

Authors: Marshall B. Romney, Paul John Steinbart

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Question Posted: Dec 25, 2023 04:22 AM

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Interest calculations are truncated at two decimal places, and the excess decimals are put into an account

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a Incorrect Typosquatting is the practice of setting up websites with names simila...View the full answer

Accounting Information Systems

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