What is the primary purpose of consumer protection laws?
GFL Strand 5, Standard 5: Consumer Protection Laws

Quiz
•
Business
•
11th Grade
•
Easy
Adam Hunt
Used 8+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To safeguard consumers from fraud and deceptive practices
To regulate wages across industries
To set pricing standards for businesses
To ensure all loans are interest-free
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Federal Trade Commission (FTC) oversee?
Credit score calculations
Protection against unfair business practices
Setting minimum wages for employees
Approving all business licenses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is identity theft?
The use of another person's personal information for fraud
Losing a credit card or ID
Receiving multiple spam emails
Filing a tax return late
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is phishing?
An online scam where individuals are tricked into providing sensitive information
A type of identity theft using physical mail
A method of tracking online purchases
An error in a credit report
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can consumers safely dispose of sensitive financial documents?
By throwing them in the trash
By shredding them before disposal
By storing them indefinitely
By giving them to a bank for safekeeping
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term “predatory lending” refer to?
Offering loans at reasonable interest rates
Lending practices with unfair terms and excessive fees
Lending money only to high-risk borrowers
Government-subsidized loans
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a credit freeze?
To prevent identity theft by restricting access to your credit report
To lower credit card interest rates
To automatically dispute credit report errors
To eliminate existing debts
Create a free account and access millions of resources
Similar Resources on Wayground
16 questions
ITB Chapter 12 Vocab

Quiz
•
9th - 12th Grade
20 questions
Banking Terms

Quiz
•
9th - 12th Grade
17 questions
Net Worth, Assets, and Liabilities

Quiz
•
9th - 12th Grade
15 questions
Understanding Financial Institutions Quiz

Quiz
•
11th Grade
15 questions
Cash Flow

Quiz
•
9th - 12th Grade
16 questions
Ch. 5 - Credit Review - Part 1

Quiz
•
11th Grade
20 questions
POBF Nature of Accounting 6.01

Quiz
•
9th - 12th Grade
20 questions
Loans Review

Quiz
•
9th - 12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade