Spiral #31

Someone calls you, says they are from a collection company, and demand money.

• trust it
• not trust it

Someone calls and says you won a million dollars, but you have to send a processing fee first.

• trust it
• don't trust it

Teens are some of the most frequent targets of identity theft and other scams. Why?

• Identity thieves look for “clean” Social Security numbers that haven’t yet been used to get credit.
• Thieves want to help teens get student loans for college
• It will help teens do better in school
• Identity thieves are just testing teens to see if they will fall for their scams

Scams and phishing can't be reported.

• true
• false

Which is a variable expense?

• Rent

• Food

• Car Payment

• Insurance

401(k), IRA, and Roth IRA are all examples of a __________ account.

• Retirement
• College Savings
• Low Interest
• Stock

What does CD stand for when talking about investments?

• Calculated Dividend
• Certificate of Deposit
• Central Dollar
• Current Deposit

What is impulse shopping?

• Making an unplanned or quick purchase without giving it much thought.

• looking at products and prices at different stores before making a purchase.

Constantly monitor financial information to reduce your risk of fraud.

• True

• False

A beneficiary is the individual who takes out the life insurance policy.

• True

• False