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MM Chp 3 Study Guide

Money Matters Chapter 3 Study Guide

TermDefinition
Ponzi scheme a fraudulent investment operation in which money collected from new investors is used to pay off earlier Investors.
pigeon drop a scam in which a con artist convinces people to give up their money or personal information in return for a share of a larger sum of money.
cost-push inflation rising prices as a result of rising production costs
Created by: mrstephens
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