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Personal Finance Courses: Consumer Protection against Fraud

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1.
Which of the following descriptions of a job is most likely to be that of a scam?
Choose wisely. There is only one correct answer.
An assurance that anyone can do it. Of the choices, this one is the most likely to be from a scam.
2.
The information most valuable to an identity thief is _______.
Choose wisely. There is only one correct answer.
Your Social Security number. Your mother's maiden name is the second most valuable piece of information to an identity thief.
3.
When shopping online, it is safer to shop with a _______.
Choose wisely. There is only one correct answer.
Credit card. Credit cards offer more protection than debit cards.
4.
When your credit record is harmed by identity theft, you will learn about it right away.
Choose wisely. There is only one correct answer.
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.
5.
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.
6.
Who must you contact to have a fraud alert put on your credit card?
Choose wisely. There is only one correct answer.
The three major credit bureaus. Only the three major credit bureaus can put a fraud alert on your credit card.
7.
When a criminal is required by law to pay back what he or she defrauded you of, that is called _______.
Choose wisely. There is only one correct answer.
Restitution. Making restitution is required with regard to numerous federal crimes.