WorksheetsPFL # 9a Identify Fraud and Theft
Total questions: 15
Worksheet time: 30mins
Name
Class
Date
1.
If you think you are a victim of fraud, you should contact
a)
an attorney to sue the three credit bureaus for giving out your personal information.
b)
the Fraud Division of the three credit bureaus to request a fraud alert on your files.
c)
the Fraud Division of the Federal Trade Commission to request they mark your files with a fraud alert.
d)
the three credit bureaus to request they suspend all activity in your file until the problem is resolved.
2.
Recent changes in legislation now allows you to get a copy of your credit report
a)
free of charge as often as you need one.
b)
free of charge once a year to check its accuracy.
c)
for a small fee every other year to check for its accuracy.
d)
for a small fee once a year to check for ID theft.
3.
One of the BEST ways to protect yourself from identity theft is
a)
using your Social Security number as your driver’s license or ID number.
b)
throwing away all credit card offers without opening them.
c)
shredding all papers with personal information.
d)
keeping your Social Security card in your billfold.
4.
Setting up a false company only to ask people to buy stock in it is called
a)
firm fraud.
b)
long firm fraud.
c)
investment fraud.
d)
security fraud.
5.
Which of the following is NOT a good way to protect yourself from being a fraud victim?
a)
Get all information in writing before giving money or personal information.
b)
Avoid letting emotions interfere with financial decisions.
c)
Take time to do careful research before giving money or personal information.
d)
Enter your personal information on a Web site so you can get more information before deciding on an investment.
6.
The MOST secure password for Internet or other uses should include
a)
a combination of numbers and letters.
b)
your Social Security number.
c)
a series of letters than mean nothing.
d)
a combination of numbers, letters and symbols
7.
_____ is a legal term used when someone knowingly deceives you for their own personal gain.
a)
Identity Theft
b)
Scheming
c)
Phishing
d)
Fraud
8.
Which of the following steps would help reduce your potential of being a victim of consumer fraud?
a)
Give your best friends your personal information, like your Social Security number and bank account number(s), in case anything happens to you.
b)
If you get a special offer in the mail, send cash so they cannot get your personal information from a check or credit card.
c)
Go along with a scheme so you get more information and then report it to local law enforcement officials.
d)
Delete all e-mails asking for personal information without responding to them.
9.
“Dumpster Diving” refers to the practice of
a)
throwing a prize in a dumpster, then everyone jumps in to see who can find it first.
b)
going through someone’s trash looking for personal information on it.
c)
a new video game where you race dumpsters through a junk yard.
d)
going through someone’s trash to find any hidden treasures.
10.
If you become the victim of fraud or identify theft, you should
a)
keep quiet about it because you made a bad choice and it is your fault.
b)
contact the person or persons involved and tell them to stop.
c)
call the police immediately and report what happened.
d)
have a good laugh because it happens to everyone.
11.
People who attempt to swindle or trick you into illegal schemes are commonly called
a)
embezzlers.
b)
film flames.
c)
con artists.
d)
schemers.
12.
If someone comes to your door offering you a great opportunity to invest in a new company, you should
a)
sign up for the investment and call your friends so they can invest too.
b)
listen to their sales pitch even though you are not interested.
c)
tell them you are not interested and ask them to leave.
d)
listen to their sales pitch to see if it is legitimate.
13.
You are invited to invest in a birthday club. Once a month, the club meets to celebrate those with birthdays that month. You are required to pay $1,000 to join the club, and you are promised to receive $500 for every person you get to join the club. What should you do?
a)
Do not join. This is a Ponzi Scheme, and you will probably lose all of your money.
b)
Go for it. You only need to get two people to join, and you get your money back.
c)
Go for it. Your best friend invited you to join, so it must be a good deal.
d)
Do not join. You do not know enough people who have $500 to invest.
14.
Bargain City advertises a special price on a certain type of rollerblades. They really do not have those rollerblades in the store. Instead, they have a much more expensive brand to sell you at double the advertised price. This practice is called
a)
false advertising.
b)
bait and switch.
c)
illegal advertising.
d)
fraud and hook.
15.
Using a person’s name or personal information without permission to make purchases or get loans is called
a)
impersonation
b)
identity theft
c)
acting
d)
fraud
100 %
