
Bernard Madoff
Quiz
•
Other
•
9th Grade
•
Practice Problem
•
Hard
Kristin D'Aquino
Used 34+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
According to Ahamed what makes the Madoff scandal different from others?
Those affected were "real people" not "impersonal institutions."
Celebrates are only effected
Jewish philantropists from the upper East side
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Stock Market?
a place where shares of a company are bought and sold
an investment fund that invests large amounts of money using risky methods
irregular rising and falling in number amount
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Fluctuation?
having the quality of being an obsessive observer of sordid or sensational subjects
irregular rising and falling in number or amount
unhealthy; gloomy or extreme
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Travails means?
gloomy
wealthy
pain and suffering because of hardship
Travails
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Why would the scheme the video outlines not make a profit?
Other investors' money is the source of the profit
A Ponzi scheme is the classic trick
There would be a big profit to be made
There would be no profit because you are not making money to buy anything; you're just giving it back
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What usually happens to a Ponzi scheme?
They make you a lot of money
Ponzi schemes usually collapse after 1 year
They are very successful
High risk high reward
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
How much money did Bernard make off investors?
$30 Billion
$25 Billion
$45 Billion
$50 Billion
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