Question

1. \pump and dump\ refers to the process in which a conartist purchases a large amount of a virtually worthless stock, then circulates rumors that inflate the stocks value, and then sells for a profit.

a true

b false

clear selection

conti

Explanation:

"Pump and dump" is a fraudulent scheme in financial markets where fraudsters buy cheap stocks, spread false positive rumors to inflate their price, then sell (dump) at the inflated price for profit. The description matches this definition.

Answer:

A. True