The Pyramid plan is one of the oldest con games, dating back to the 1920s. Honest people are frequently drawn in, believing the programme to be a legitimate financial opportunity. The first person to "fall for" the Pyramid scam will make a lot of money and will urge their friends and family to join as well. The chain continues with the con artist who started the scam pocketing the money rather than investing it. The pyramid eventually collapses, but by that time, the con artist will have moved out of town and left no forwarding address. This paragraph perfectly exemplifies the claim that
A. A Pyramid scheme in the making is quite easy to recognise.
B. A Pyramid scheme's initial customer is the most trusting.
C. Pyramid scheme creators have the ability to deceive honest individuals.
D. The Pyramid Scheme peaked in the 1920s, but it's making a resurgence again.
Answer:C
The Pyramid plan is one of the oldest con games, dating back to the 1920s. Honest people are frequently drawn in, believing the programme to be a legitimate financial opportunity. The first person to "fall for" the Pyramid scam will make a lot of money and will urge their friends and family to join as well. The chain continues with the con artist who started the scam pocketing the money rather than investing it. The pyramid eventually collapses, but by that time, the con artist will have moved out of town and left no forwarding address. This paragraph perfectly exemplifies the claim that
A. A Pyramid scheme in the making is quite easy to recognise. B. A Pyramid scheme's initial customer is the most trusting. C. Pyramid scheme creators have the ability to deceive honest individuals. D. The Pyramid Scheme peaked in the 1920s, but it's making a resurgence again.
Explanation: Because the Pyramid scheme was set up by a con artist, it is likely that the honest investors were duped. In the passage, choices a and b are contradictory. Choice d is inaccurate since the paragraph states that the Pyramid scheme began in the 1920s but does not state when it peaked. Although choice e is true, it is not stated in the passage.