Choose wisely. There is only one correct answer to each question.
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1.
Being paid to recruit others to a sales opportunity is sufficient to indicate that the opportunity is actually a pyramid scheme.
False. Though it's a part of a pyramid scheme by nature, being paid to recruit others is not by itself an indicator, as even legitimate firms may offer fees for recruitment.
2.
Romance scammers try to prey on our _______.
Any of the above. A romance scammer takes advantage of our basic human goodness in order to take money from us.
3.
If you are unsure whether a broker is licensed, you should contact _______.
Your state securities regulator. Brokers are registered at the state level.
4.
Which of the following descriptions of an investment is a telephone scammer most likely to use?
"Risk-free". Scammers often describe their investments as risk-free.
5.
About how many seniors have been victimized by elder financial fraud?
One in 5. About one in 5 Americans over 60 have been defrauded financially.
6.
Which of the following descriptions of a work-at-home job is most likely to be that of a scam?
An assurance that anyone can do it. Of the choices, this one is the most likely to be from a scam.
7.
In the world of cryptocurrency, what is a private key?
A string of secret numbers used to sign transactions. A private key provides access to your cryptocurrency.
8.
Why might a money-transfer opportunity require that you sign a non-disclosure agreement?
To prevent you from discussing the deal with other people. This is a common tactic in investment fraud.