Solved IB ACIO Question
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Q · Economic Security and Black MoneyEasy · 45s
The term ‘shell company’ refers to:
TopicEconomic Security and Black Money
Question Typemultiple choice
DifficultyEasy
Marking+1 / −0.25
From TestChapter Test 1 (Chapter Test)
Test Duration30 min
Step-by-Step Solution
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Shell companies exist only on paper to channel illicit funds.
Final Answer: Option B — A fake company used for tax evasion or money laundering