What is another term for the fraudulent investment scheme called a "Ponzi"?

Business Trivia / June 13, 2025

Pyramid. Devised by Charles Ponzi in 1920, the pyramid scheme promised 50 percent returns, but used new investments to pay off early investors.

What beer did Spuds MacKenzie promote?

Business Trivia / June 12, 2025

Bud Light. The ads featuring Spuds MacKenzie premiered during the Super Bowl in 1987, and the campaign was considered an instant success.

Which of the following is an example of fictitious trading?

Business Trivia / June 12, 2025

Bucketing. In addition to "bucketing", fictitious trading includes "wash trading", "cross trading" and other schemes.

Whose picture is on the U.S. $100 bill?

Business Trivia / June 11, 2025

Benjamin Franklin's. Since 1969, the $100 bill is the largest bill in circulation in the U.S.

Which former President of the New York Stock Exchange was convicted of embezzlement in 1938?

Business Trivia / June 11, 2025

Richard Whitney. Richard Whitney, President of the NYSE from 1930-35, was sentenced to five to ten years in Sing Sing for embezzlement.

What acronym is used to refer to adjustable rate preferred stock?

Business Trivia / June 10, 2025

ARPS. ARPS are a type of preferred stock where the dividends issued will vary with a benchmark, most often a T-bill rate.