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1.
Telephone swindlers demand immediate compliance from their victims because _______.
Choose wisely. There is only one correct answer.
Both of the above. Swindlers don't want their scams to be exposed.
2.
About how many seniors have been victimized by elder financial fraud?
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One in 5. About one in 5 Americans over 60 have been defrauded financially.
3.
Why are pyramid schemes unsustainable by nature?
Choose wisely. There is only one correct answer.
There are never enough participants to keep the pyramids growing. They are a fast way for scammers to defraud others.
4.
Why are older people common targets for romance scammers?
Choose wisely. There is only one correct answer.
They usually have more assets than younger people. Older people can be prime targets because of their assets.
5.
A blockchain is a transparent ledger of _______ transactions that anyone can view.
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Transactions. Blockchains maintain a decentralized, secure record of transactions.
6.
Which of the following job offers is most likely a work-at-home scam?
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Processing rebates for two hours a day for $500. Pay that is far above market rates is a classic sign of a scam.
7.
It is possible to actually receive what you were promised in a money transfer scam.
Choose wisely. There is only one correct answer.
True. Though rare, it can happen, but you are usually being used to cover another person's illegal activity, and you can get in trouble for it.
8.
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.