Personal Finance Courses: Consumer Protection against Fraud

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
The information most valuable to an identity thief is _______.
Choose wisely. There is only one correct answer.
Your Social Security number. Your mother's maiden name is the second most valuable piece of information to an identity thief.
2.
The only known danger of medical identity theft is having large medical bills charged to you.
Choose wisely. There is only one correct answer.
False. There are other dangers; for example, a thief could put false information on your medical record, which could be life-threatening.
3.
Under the Fair Credit Reporting Act, you can be exempted from direct mail solicitations that are based on lists obtained from credit bureaus.
Choose wisely. There is only one correct answer.
True. You have the right to not be included in them.
4.
Which of the following will stop payment on your check in the event of identity theft?
Choose wisely. There is only one correct answer.
Both of the above. Both will stop payment on your check in the event of identity theft.
5.
It is safe to use automatic log-in processes on your computer, because the sites that save your account information and passwords are secure.
Choose wisely. There is only one correct answer.
False. Another person can get onto your computer and take advantage of it. Also, not all sites are secure.
6.
Which of the following should you consider giving out over the phone to a salesperson trying to persuade you to buy into a hot new investment opportunity?
Choose wisely. There is only one correct answer.
None of the above. Do not give out any of these to such a salesperson over the phone.
7.
Creating artificial demand for a stock and then selling it to make a quick profit is known as _______.
Choose wisely. There is only one correct answer.
Pump and dump. Pumping and dumping means creating artificial demand and then selling in order to gain from it.