Personal Finance Courses: Consumer Protection against Fraud

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

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1.
If someone sends you an email claiming to be from a certain organization, it may or may not be legitimate. If it is not legitimate, then it is _______.
Choose wisely. There is only one correct answer.
Phishing. Phishing is impersonating an organization in email, over the phone, or via text to persuade you to give out your personal information.
2.
If you are unsure whether a broker is licensed, you should contact _______.
Choose wisely. There is only one correct answer.
Your state securities regulator. Brokers are registered at the state level.
3.
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.
4.
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.
5.
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.
6.
When shopping online, it is safer to shop with a _______.
Choose wisely. There is only one correct answer.
Credit card. Credit cards offer more protection than debit cards.
7.
Which of the following descriptions of a job is most likely to be that of a scam?
Choose wisely. There is only one correct answer.
An assurance that anyone can do it. Of the choices, this one is the most likely to be from a scam.