Financial Literacy Quiz 3 Review

What is it called when someone takes your personal information illegally for their personal use?

• skimming

• phishing

• identity theft

• dumpster diving

What is the FTC?

• The central bank of the United States that regulates the U.S. money and financial system

• A government agency that helps fight against identity theft and helps promote consumer protection

• A corporation that uses a system to rank businesses, charities, and other organizations.

A debit card lets you...

• buy something and have the amount taken directly out of your savings or checking account.

• borrow money from a company that you then pay back later with interest.

• have "instant money" of a certain dollar amount that is used at a certain location.

Which card allows you to borrow money that have to pay back later? It's also considered to be a short term loan.

• debit card

• gift card

• credit card

Which is true about a savings account?

• The balance stays the same; it pays you interest

• The balance can vary; it charges you interest

• The balance can vary; it pays you interest

• The balance stays the same; it charges you interest

When someone pretends to be a trustworthy source in order to acquire personal information from you it's called...

• investing

• dumpster diving

• skimming

• phishing

This image represents...

• dumpster diving

• phishing

• skimming

• identity theft

What is skimming?

• When someone pretends to be a trustworthy source in order to acquire personal information from you.

• When thieves go through your trash and steal personal information.

• When thieves steal debit or credit card information using special technology/machines.

"Instant money" of a certain dollar amount that can be used at a certain location is a...

• credit card

• gift card

• debit card

• Visa card

Which of the following should you do in order to protect your identity? Choose 2!

• Do not use different passwords for different websites.

• Don't friend people on social media that you don't know in real life.

• Shop on secure and trusted websites.

• Don't use passwords or pass codes on your personal devices.