Personal Finance Courses: Consumer Protection against Fraud

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1.
Consumers have the right to have claims of disputed information investigated and reported to them within _______.
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30 days. The Fair Credit Reporting Act makes this possible.
2.
If someone is looking over your shoulder at an ATM, what might he or she be hoping to see?
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Either your PIN number or your credit card number. A thief might be looking for either of those, or maybe both.
3.
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?
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None of the above. Do not give out any of these to such a salesperson over the phone.
4.
The only known danger of medical identity theft is having large medical bills charged to you.
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False. There are other dangers; for example, a thief could put false information on your medical record, which could be life-threatening.
5.
Which of the following will stop payment on your check in the event of identity theft?
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Both of the above. Both will stop payment on your check in the event of identity theft.
6.
Creating artificial demand for a stock and then selling it to make a quick profit is known as _______.
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Pump and dump. Pumping and dumping means creating artificial demand and then selling in order to gain from it.
7.
Posting your birth date online is harmless.
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False. Thieves can sometimes use birth dates in conjunction with names to commit fraud against you.