asked 28.6k views
0 votes
Tom borrows $100,000 from his local bank to purchase inventory for his store for the upcoming holiday season. Tom's neighbor tells him about a get-rich-quick scheme that can take this $100,000 and triple it in a month. Tom decides to buy into this scheme figuring he can repay the bank and still have plenty left for inventory. This is an example of:_______.

asked
User Kobik
by
8.2k points

1 Answer

5 votes

Answer:pyramid scheme

Step-by-step explanation:

answered
User LilProblems
by
8.7k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories