Basics Beginner: Consumer Protection against Fraud

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1.
The Better Business Bureau can help you research an investment opportunity that someone is trying to sell you.
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True. The Better Business Bureau is a resource that can help you find out whether a business opportunity is legitimate.
2.
The information most valuable to an identity thief is _______.
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Your Social Security number. Your mother's maiden name is the second most valuable piece of information to an identity thief.
3.
When your credit record is harmed by identity theft, you will learn about it right away.
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False. Though in some cases you might, in many others you won't until you try to take out a loan, which can be years down the road.
4.
It is safe to use automatic log-in processes on your computer, because the sites that save your account information and passwords are secure.
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False. Another person can get onto your computer and take advantage of it. Also, not all sites are secure.
5.
Creating artificial demand for a stock and then selling it to make a quick profit is known as _______.
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Pump and dump. Pumping and dumping means creating artificial demand and then selling in order to gain from it.
6.
Which of the following will stop payment on your check in the event of identity theft?
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Both of the above. Both will stop payment on your check in the event of identity theft.
7.
When a criminal is required by law to pay back what he or she defrauded you of, that is called _______.
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Restitution. Making restitution is required with regard to numerous federal crimes.