A New York Times article about Bernie Madoff and his illegal Ponzi scheme stated, "When money goes global, fraud does too." Although the goal of investors who trusted Madoff's investment company was to earn the highest return possible on their investments, they turned a blind eye toward the fact that some of those returns were too good to be true. Individual investors, companies, and even charities lost large sums of money by investing with Madoff's company. Which of the following statements relates to this story?
A) The unethical behavior of one company had a worldwide ripple effect that can impact the well-being of an economy.
B) Too much regulation caused the capitalistic nature of Mr. Madoff's business model to fail.
C) People lost money because of the fluctuations in world trading currencies, questioning the legitimacy of trading abroad.
D) Investors did not sign contracts with Mr. Madoff's company. The government can only protect individuals and companies who sign enforceable contracts.
Correct Answer:
Verified
Q212: Which of the following statements about factors
Q213: Pete is a recent finance graduate who
Q214: China is a nation with a vast
Q215: Chao sells custom bicycles. He buys several
Q216: High tax rates tend to:
A) promote economic
Q218: In countries where businesses are government owned,
A)
Q219: Brendan and Sean combined their love of
Q220: Walter Waterson owns a lawn irrigation system
Q221: Employers provide tools and technology for their
Q222: New orders are coming in quickly for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents