EPF 6.3 CYK Review

What is the most common financial threat associated with kids or teenagers?

• Identity Theft

• Investment Scams

• Internet Fraud

• Skimming

What fraudulent investing scam pays early investors money from new investors and falls apart when no new investors come along to keep the flow of money going?

• Ponzi Scheme

• Prime Bank Note Fraud

• Advance Fee Shcemes

• Skimming

Which step should you NOT take when you are a victim of Identity Theft?

• Place a fraud alert with Equifax, Transunion, and Experian

• Call your friend and make a plan on how to get your identity back

• Order a credit report from Equifax, Transuion, Experian

• File a complaint with the FTC and file a police report

Tracy is on a phone call with someone she beleives is a scammer. What 4 signs would alert her that she is being scammed?

• the person claims they're someone you know, wants you to call them back to file a complaint, states there may be. fine, and you can only send cash

• states that they're from the IRS, wants you to call back to file a complaint, states there may be. fine, can only send CashApp

• someone who calls repeatedly, wants you to call them back with personal info, states thee may be a fine, can only pay with credit card

• person is pretending to be from an organization you know, says there's a problem or prixze, pressuring youto act immediately, tell you to pay in a specific way

A business reported incorrect personal info about you. What law is supposed to protect you from that?

• Fair Credit Reporting Act (FCRA)

• Gramm-Leach-Biley Act (GBLA)

• Children's Online Privacy Protectio Act (COPPA)

• Federal Trade Commission Act-Section 5