Course Quiz - Financial Fitness Center

1.

Which of the following job offers is most likely a scam?

Sewing purses at home for $10 apiece

Processing rebates for two hours a day for $500

Typing reports at 1 cent per word

A work-at-home job that requires a bachelor's degree

Processing rebates for two hours a day for $500. Pay that is far above market rates is a classic sign of a scam.

2.

The information most valuable to an identity thief is _______.

Your mother's maiden name

Your previous employers

Your Social Security number

Your Social Security number. Your mother's maiden name is the second most valuable piece of information to an identity thief.

3.

Why might a money-transfer opportunity require that you sign a non-disclosure agreement?

It is standard operating procedure when transferring money.

To prevent you from discussing the deal with other people

For income tax purposes

The government requires non-disclosure agreements when you transfer money.

To prevent you from discussing the deal with other people. This is a common tactic in investment fraud.

4.

Which law gives a consumer the right to have a credit report item dispute resolved within 30 days?

Fair Credit Reporting Act

Predatory Lending Act

Taft-Hartley Act

Truth in Lending Act

Fair Credit Reporting Act. The FCRA gives consumers the right to have disputed information investigated and reported back to them within 30 days.

5.

What is the best way to notify a debt collector that you are a victim of identity theft and not responsible for an unpaid bill?

Inform the debt collector that you completed an identity theft affidavit and filed it with the Federal Trade Commission.

Let the debt collector know that you will contact the creditor personally to discuss the unpaid bill.

Inform the debt collector by phone and in writing that you are the victim of identity theft, and send the collector copies of documents demonstrating you are a victim, such as a police report.

Inform the debt collector by phone and in writing that you are the victim of identity theft, and send the collector copies of documents demonstrating you are a victim, such as a police report. Normally, this information will cause the debt collector to stop collection efforts.

6.

Identity theft can affect your health insurance by _______.

Putting large medical bills on your record

Altering your medical history

Both of the above

Both of the above. These changes can cause health insurers to raise your premiums.

7.

Which of the following are ways to protect your computer from intrusion for identity theft?

Use a firewall and maintain current virus protection

Protect financial information with a password, and avoid automatic log-in processes that store your account information

Use a secured browser

All of the above

All of the above. Using all of these steps can help ensure that your PC is protected.

Test your knowledge

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