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Personal Finance Courses: Consumer Protection against Fraud

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1.
Posting your birth date online is harmless.
Choose wisely. There is only one correct answer.
False. Thieves can sometimes use birth dates in conjunction with names to commit fraud against you.
2.
Creating artificial demand for a stock and then selling it to make a quick profit is known as _______.
Choose wisely. There is only one correct answer.
Pump and dump. Pumping and dumping means creating artificial demand and then selling in order to gain from it.
3.
Under the Fair Credit Reporting Act, you can be exempted from direct mail solicitations that are based on lists obtained from credit bureaus.
Choose wisely. There is only one correct answer.
True. You have the right to not be included in them.
4.
The only known danger of medical identity theft is having large medical bills charged to you.
Choose wisely. There is only one correct answer.
False. There are other dangers; for example, a thief could put false information on your medical record, which could be life-threatening.
5.
How can someone steal your identity?
Choose wisely. There is only one correct answer.
All of the above. There are many ways to steal an identity, and these are just a few.
6.
If your credit cards have been used fraudulently, you should contact the major credit bureaus to have _______ placed on them.
Choose wisely. There is only one correct answer.
A fraud alert. This is one of the steps you must take to protect your credit cards.
7.
Which of the following should you consider giving out over the phone to a salesperson trying to persuade you to buy into a hot new investment opportunity?
Choose wisely. There is only one correct answer.
None of the above. Do not give out any of these to such a salesperson over the phone.