Unit 1 Personal Finance Review

Most online financial institutions and businesses will regularly send you emails asking you to update your account information by going to a link in their emails.

• True

• False

What statement is TRUE about "phishing scams"?

• They never happen to young people.

• Parents never fall for phishing scams.

• The mess is easy to fix if you fall for a phishing scam.

• Phishing scams cannot hurt you if you do not respond to them.

Native advertisers are required to show all sides of an issue in articles they publish.

• True

• False

The free enterprise system is:

• The market determines prices, products, and services.

• Designed to protect consumers' best interests.

• Requires both sides of the story.

• Free of competition.

You swipe your debit card too many times. What additional charges should you expect?

• Overdraft fee.

• Higher rent on your next living space/apartment.

• Increased interest rates on loans.

• All of the above.

Fine print contains:

• Only stuff lawyers require.

• A bunch of useless information.

• Clear language designed to be easy to read.

• That small stuff at the bottom of an ad that you never read.

What is phishing?

• A buyer sends you too much money for an item you're selling online.

• Emails designed to get your personal information.

• A virtual fishing app.

• None of the above.

Native advertising:

• Isn't considered marketing.

• Shows all sides of an issue so you can make an informed decision.

• Is advertising that looks like an article rather than an advertisement.

• Doesn't include a sales pitch.

Which of the following items is NOT typically associated with spending?

• Cash

• Credit card.

• Debit card.

• Certificate of Deposit.

Paying on time means you'll have a good credit score.

• True

• False