Bernie Madoff and the Ponzi Scheme Quiz

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Bernie Madoff and the Ponzi Scheme: a General level Economics quiz. Test your knowledge with 13 questions!
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Questions

Question 1
Who was the mastermind behind the largest Ponzi scheme?
A Steve Jobs
B Warren Buffett
C Bernie Madoff
D Elon Musk
Question 2
What is a Ponzi scheme named after?
A Bernie Madoff
B Charles Ponzi
C A stock exchange
D A famous bank
Question 3
How did Madoff pay his early investors?
A With government bonds
B With tax returns
C With money from new investors
D With company profits
Question 4
Was Madoff's fund a legitimate investment firm?
A No, it was a fraud
B It was a charity
C Yes, it was safe
D Yes, it was regulated
Question 5
What did Madoff offer to investors to attract them?
A Free luxury gifts
B Guaranteed losses
C Employment
D Consistent high returns

📋 This quiz has 13 questions in total.

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