Test your knowledge

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

0%
Keep studying!
Review your answers below to learn more.
1.
Which of the following descriptions of a work-at-home 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.
2.
How do pyramid schemes differ from legitimate sales opportunities?
Choose wisely. There is only one correct answer.
They offer payments to people only for recruiting new members. Legitimate sales opportunities involve selling actual products, while pyramid schemes do not involve paying people to sell actual products.
3.
Why might a scammer go to great lengths to detail the intricate aspects of an "opportunity"?
Choose wisely. There is only one correct answer.
Detail makes the opportunity look legitimate. The more detail, the more real it seems.
4.
What does a romance scammer usually try to get first, before coming after your money?
Choose wisely. There is only one correct answer.
A connection with you. Romance scams require that the victim develop a feeling of connection with the criminal; this makes it harder to refuse him or her.
5.
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.
6.
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.
7.
In the world of cryptocurrency, what is a private key?
Choose wisely. There is only one correct answer.
A string of secret numbers used to sign transactions. A private key provides access to your cryptocurrency.
8.
Scammers who target the elderly usually come across as _______.
Choose wisely. There is only one correct answer.
Likable. Scammers who target the elderly put on a positive face. Many elderly find it hard to turn down someone in need.