A Ponzi Scheme Is Also Known as a Pyramid Scheme

question 92

True/False

A Ponzi scheme is also known as a pyramid scheme.

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Definitions:

Spending Habits

Patterns or behaviors related to how individuals use their money, including savings, investing, and expenses.

Civic Groups

Organizations consisting of citizens who come together to address issues of public concern or to engage in voluntary activities for the betterment of their community.

Social Relationships

Connections between individuals based on social interactions, affiliations, or perceived social ties, impacting their behavior and attitudes.

Negative Habit

A repetitive behavior that is detrimental to one's health, well-being, or social functioning.