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.
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.
2.
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.
3.
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.
4.
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.
5.
Romance scammers try to prey on our _______.
Choose wisely. There is only one correct answer.
Any of the above. A romance scammer takes advantage of our basic human goodness in order to take money from us.
6.
Being paid to recruit others to a sales opportunity is sufficient to indicate that the opportunity is actually a pyramid scheme.
Choose wisely. There is only one correct answer.
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.
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.
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.