Bernard Madoff

Bernard Madoff

9th Grade

10 Qs

quiz-placeholder

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Bernard Madoff

Bernard Madoff

Assessment

Quiz

Other

9th Grade

Practice Problem

Hard

Created by

Kristin D'Aquino

Used 34+ times

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10 questions

Show all answers

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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