LAST REVIEW QUIZ

What is identity theft?

• Identity theft is a legal way to assume someone else's identity.

• Identity theft is a harmless prank played on someone by stealing their personal information.

• Identity theft is a term used to describe when someone forgets their own identity.

• Identity theft is a crime where someone wrongfully obtains and uses another person's personal information.

How can someone avoid falling victim to a scam?

• Click on suspicious links and attachments; provide personal information when asked; use weak passwords.

• Ignore suspicious emails and links; visit any website without verifying its legitimacy; use the same password for all accounts.

• Open emails from unknown senders; click on any link or attachment; use simple and easily guessable passwords.

• Be cautious of suspicious emails, links, and attachments; verify website legitimacy; use strong passwords.

What are some red flags to look out for when shopping online?

• suspiciously low prices, unsecured payment methods, lack of customer reviews or ratings, unfamiliar or untrustworthy websites, and poor customer service

• high prices, unsecured payment methods, lack of customer reviews or ratings, unfamiliar or untrustworthy websites, and poor customer service

• low prices, secure payment methods, positive customer reviews or ratings, familiar and trustworthy websites, and excellent customer service

• high prices, secure payment methods, positive customer reviews or ratings, familiar and trustworthy websites, and excellent customer service

Imagine William, Scarlett, and Maya are planning to do some online shopping for the upcoming school event. What advice would you give them to protect themselves from online shopping fraud?

• Only shop on websites that have a lot of ads

• Share personal information freely with online sellers

• Use the same password for all online accounts

• Use secure and reputable websites, verify the seller's reputation, avoid sharing personal information, use strong and unique passwords, regularly monitor bank statements, and be cautious of suspicious emails or links.

What are some common types of social media scams?

• cat phishing scams, fake giveaways, romance scams, and identity theft scams

• investment scams

• email scams

• lottery scams

What are some preventive measures to avoid credit fraud and scams?

• Regularly monitor credit reports, be cautious of phishing scams, use strong passwords, avoid sharing personal information, be careful with credit card and ATM transactions, keep devices and software updated

• Check credit reports once in a while, click on suspicious links and emails, use common passwords, freely share personal information, be careless with credit card and ATM transactions, never update devices and software

• Ignore credit reports, trust all emails and messages, use simple passwords, freely share personal information, be careless with credit card and ATM transactions, never update devices and software

• Never check credit reports, fall for phishing scams, use weak passwords, share personal information freely, be careless with credit card and ATM transactions, never update devices and software

Grace, Priya, and Avery are discussing safe practices for using credit cards online. They came up with different sets of practices. Can you identify the safest set among these?

• Use secure websites, connect to public Wi-Fi, ignore statements, use weak passwords, trust all emails, never consider virtual credit cards

• Use secure websites, avoid public Wi-Fi, monitor statements, use strong passwords, be cautious of phishing emails, consider virtual credit cards

• Use secure websites, avoid public Wi-Fi, ignore statements, use weak passwords, trust all emails, never consider virtual credit cards

• Use unsecured websites, connect to public Wi-Fi, ignore statements, use weak passwords, trust all emails, never consider virtual credit cards

Which of the following is an example of a secondary market?

• Initial Public Offering (IPO)

• Stock exchange

• Venture capital investment

• Commercial bank deposit

What is a financial asset?

• A form of government bond

• A claim on the property and income of the borrower

• A type of savings account

• A type of physical property

What is the role of savings in the financial system?

• To increase consumption

• To reduce the need for financial intermediaries

• To provide funds for borrowers

• To decrease economic growth