A Ponzi Scheme Attempts to Cheat People By

question 62

Multiple Choice

A ponzi scheme attempts to cheat people by:

• A)selling stocks in nonexistent companies to investors.
• B)selling worthless real estate to investors.
• C)paying original investors with money from new investors.
• D)creating an investment scheme that targets the elderly.

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Definitions:

Third Quartile

The value below which 75% of the data in a data set falls, also known as the upper quartile.

Medicaid

A government-sponsored insurance program in the United States for individuals and families with low income and resources.

Net Worth

The difference between an entity's total assets and its total liabilities.

Retirees

Individuals who have left the workforce, often due to age, and receive some form of retirement benefits.