Personal Finance Courses: Consumer Protection against Fraud

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1.
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.
2.
There are many good reasons to fill out an affidavit with the Federal Trade Commission after your identity has been stolen. One of them is that it can help your creditors investigate fraud on your account.
Choose wisely. There is only one correct answer.
True. An FTC affidavit carries some weight with creditors.
3.
Consumers have the right to have claims of disputed information investigated and reported to them within _______.
Choose wisely. There is only one correct answer.
30 days. The Fair Credit Reporting Act makes this possible.
4.
"Smishing" is a term that refers to stealing personal information via _______.
Choose wisely. There is only one correct answer.
Texting. Smishing refers to baiting people via text messages and persuading them to divulge personal or financial information.
5.
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.
6.
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.
7.
When shopping online, it is a good idea to make sure there is a _______ at the bottom of the Webpage.
Choose wisely. There is only one correct answer.
Padlock icon. The padlock icon is a sign of extra security.