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.
When you send a cryptocurrency payment to another person, it is not reversible.
Choose wisely. There is only one correct answer.
True. Crypto payments are not reversible; to get one back, the other person would have to send it to you, which is not likely to happen if the person had defrauded you.
2.
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.
3.
Why are so many frauds tailored to the elderly?
Choose wisely. There is only one correct answer.
All of the above. Though these do not describe all elderly, they describe enough that criminals target them.
4.
The perpetrators of Ponzi schemes typically pay money to some of the early investors because _______.
Choose wisely. There is only one correct answer.
They want to portray the investment as legitimate. This is often the perfect way to keep the later investors faithful.
5.
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.
6.
Why might a work-at-home job in which you reship items you receive in the mail to others be a scam?
Choose wisely. There is only one correct answer.
The items might actually be stolen. Reshipping is often a cover for sending stolen items.
7.
Telephone swindlers assume that people they call will want to be courteous to them on the phone.
Choose wisely. There is only one correct answer.
True. This courtesy is part of how they trap innocent people.
8.
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.