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Personal Finance: Fraud

Total questions: 19

Worksheet time: 10mins

Name
Class
Date
1.

Match the type of fraud: Kyler learned her identity had been used during an arrest, but she hadn’t been arrested.

a)

Tax

b)

Investment

c)

Identity Theft

d)

Communications

e)

Credit

2.

Match the type of fraud: Zander received an email asking him to pay money to rescue individuals in a foreign country. After further research, he discovered this organization did not exist.

a)

Tax

b)

Investment

c)

Identity Theft

d)

Communications

e)

Credit

3.

Match the type of fraud: Derek has been approached by a company making claims that he does not owe taxes this year even though he has been working for pay.

a)

Tax

b)

Investment

c)

Identity Theft

d)

Communications

e)

Credit

4.

Match the type of fraud: Jada is considering re‐financing her home and received an ad from a company offering staggeringly low interest rates.

a)

Tax

b)

Investment

c)

Identity Theft

d)

Communications

e)

Credit

5.

Match the type of fraud: Brielle is researching tools to invest her money into and has found one with guaranteed returns.

a)

Tax

b)

Investment

c)

Identity Theft

d)

Communications

e)

Credit

6.

Chose all of the answer choices that apply: Xavier is considering purchasing a new tablet online; what are three steps he should take to protect himself from fraud?

a)

Look for “https” and/or a picture of a lock by the URL

b)

use a credit card

c)

use a secure password

d)

use a debit card

7.

Chose all of the answer choices that apply: Neema has joined several social networking websites. What are things she should do to protect herself from fraud?

a)

Use privacy settings to restrict who may view your information

b)

remember that once information is posted online, it can be viewed by anybody

c)

keep usernames and passwords safe

d)

post personal information such as your Social Security number, phone number, address, and financial information

e)

post usernames and passwords on social media sites

8.

Chose all of the answer choices that apply: If you were to advise someone about the warning signs of fraud, what pieces of advice you would provide to them?

a)

You might be a victim of fraud if: A business that has taken your money won’t return your calls.

b)

You might be a victim of fraud if: You find unfamiliar or unrecognizable charges on your credit card statement

c)

You might be a victim of fraud if: You are denied credit.

d)

You might be a victim of fraud if: All of your mail is on time

e)

You might be a victim of fraud if: Your credit report has NO errors

9.

How does the federal government work to protect consumers?

a)

There is a Stop Fraud website sponsored by the government and includes a detailed list of where each type of fraud should be reported

b)

If the government notices errors on your credit report they will look into the errors, where the came from, and if they determine fraud is involved they will prosecute the suspects

10.

Match the way fraud may occur in the scenario: A scammer uses information that was carelessly discarded in the trash.

a)

Computer

b)

Skimming

c)

Phishing

d)

Stealing

e)

Diverting mail

11.

Match the way fraud may occur in the scenario: A scammer is using email to pretend to be your depository institution.

a)

Computer

b)

Skimming

c)

Phishing

d)

Stealing

e)

Diverting mail

12.

Match the way fraud may occur in the scenario: A scammer has completed a change of address form for an individual’s financial statements.

a)

Computer

b)

Skimming

c)

Phishing

d)

Stealing

e)

Diverting mail

13.

Match the way fraud may occur in the scenario: A scammer has hacked into a computer to access their information.

a)

Computer

b)

Skimming

c)

Phishing

d)

Stealing

e)

Diverting mail

14.

A debit card should be used when making online purchases.

a)

True

b)

False

15.

Consumers should access each of their three credit reports at least once per year.

a)

True

b)

False

16.

Once information is posted online, it can be easily deleted.

a)

True

b)

False

17.

Individuals should always purchase fraud protection if available.

a)

True

b)

False

18.

Constantly monitor financial information to reduce your risk of fraud.

a)

True

b)

False

19.

Match the way fraud may occur in the scenario: A scammer has attached a device to a gas pump to access credit card information.

a)

Computer

b)

Skimming

c)

Phishing

d)

Stealing

e)

Diverting mail