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Videos Intermediate:
Consumer Protection against Fraud
Test your knowledge
Choose wisely. There is only one correct answer to each question.
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1.
Why might a money-transfer opportunity require that you sign a non-disclosure agreement?
Choose wisely. There is only one correct answer.
It is standard operating procedure when transferring money.
To prevent you from discussing the deal with other people
For income tax purposes
The government requires non-disclosure agreements when you transfer money.
To prevent you from discussing the deal with other people. This is a common tactic in investment fraud.
2.
You should be wary of emails that claim to come from the IRS because _______.
Choose wisely. There is only one correct answer.
Those emails are watched more closely by the IRS
Those emails are tapping into your computer
The IRS does not send emails to people
The IRS does not send emails to people. Any email claiming to be from the IRS is not legitimate and should be reported.
3.
Who must you contact to have a fraud alert put on your credit card?
Choose wisely. There is only one correct answer.
The Federal Trade Commission
The FBI
The IRS
The three major credit bureaus
The three major credit bureaus. Only the three major credit bureaus can put a fraud alert on your credit card.
4.
The information most valuable to an identity thief is _______.
Choose wisely. There is only one correct answer.
Your mother's maiden name
Your previous employers
Your Social Security number
Your Social Security number. Your mother's maiden name is the second most valuable piece of information to an identity thief.
5.
When a criminal is required by law to pay back what he or she defrauded you of, that is called _______.
Choose wisely. There is only one correct answer.
Restitution
Adverse information
Truth in lending
Restitution. Making restitution is required with regard to numerous federal crimes.
6.
Thieves can steal your Social Security number in order to _______.
Choose wisely. There is only one correct answer.
Make you pay their taxes
Open up accounts in your name
Create new forms of ID
All of the above
All of the above. Because your Social Security number is used in so many places, it is the most useful piece of information to a thief.
7.
Telephone scammers assume that people they call will want to be courteous to them on the phone.
Choose wisely. There is only one correct answer.
True
False
True. This courtesy is part of how they trap innocent people.
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DONE
