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WorksheetsUnit 8: Financial Pitfalls
Total questions: 11
Worksheet time: 6mins
Trained professional planner who give overall investment advice based on your goals, age, lifestyle, and other factors
financial planner
certified public accountant
real estate agent
insurance agent
An intentional deception to get an unfair gain. Can apply to many different contexts - insurance, voting, healthcare, bank account, taxes, etc.
scam
fraud
predatory lending
payday loan
An activity that results in an easy profit for one person and a financial loss for the other person
scam
fraud
predatory lending
personal loan
The crime of obtaining someone else's personal data and using it for financial gain or to defraud or deceive
scam
restitution
predatory lending
identity theft
A small loan, offered through a business, lent at a high interest rate, and meant to be paid as soon as you receive your next paycheck
personal loan
predatory lending
payday loan
restitution
Loan granted from one individual to another, where usually the people know one another and jointly decide on loan terms
personal loan
predatory lending
payday loan
restitution
A business that rents household items at extremely high interest rates with no down payment and no credit check; completing all the payments on time allows the consumer to eventually own the item
predatory
rent-to-own
predatory lending
restitution
The act of lending money at an unreasonably high interest rate, making repayment excessively difficult, or charging excessive fees such that the debtor is trapped in a cycle of debt
personal loan
predatory lending
rent-to-own
payday loan
An independent agency of the U.S. government who enforces antitrust laws and the promotion of consumer protection
Federal Trade Commission (FTC)
Better Business Bureau
An agency of the Ohio government that protects citizens from predatory and illegal business practices,
Better Business Bureau
Office of Consumer Protection
A private organization that investigates consumer complaints of dishonest business practices
Better Business Bureau
Federal Trade Commission (FTC)
Office of Consumer Protection
