Unit 4 Challenges 3

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The Civil War was an important phase for all the Americans at that point of time. Men were drawn to War and women were burdened with duties which were taken care of by their men. The economic situatio...

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Q 1. Which of the following features of an investment can individuals use to identify a pyramid scheme? 2. Which of the following is an example of a phishing scheme? 3. How does Securities Investor Protection Corporation (SIPC) insurance provide protection to investors of a brokerage firm? 4. Jack is a middle-aged man who exhibits status quo bias when it comes to saving and investing. He tends to choose low-reward financial products. Which of the following strategies would help Jack overcome his current situation?

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1. A pyramid scheme promises either high commissions on products sold or a sizable share of any money paid by new members to join the organization. 2. A phishing scheme is an unsolicited email asking you to provide personal information (such as your Social Security number) or confirm the details of a credit account.

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