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WorksheetsQuiz 2
Total questions: 35
Worksheet time: 1hrs 13mins
What is the major difference between debit cards and credit cards?
Debit cards allow you to go into debt, while credit cards do not
Debit cards immediately deduct money from your account, while credit cards allow you to make payments later
Debit cards offer rewards and benefits, while credit cards do not
Debit cards help you build your credit history, while credit cards do not
Which of the following is a pro of using credit cards?
Credit cards immediately deduct money from your account
Credit cards have safeguards against fraud
Credit cards do not help you build your credit history
Credit cards offer rewards and benefits
Which type of card is recommended for someone who cannot handle the temptation of spending more than they have?
Credit cards
Debit cards
Both credit cards and debit cards
Neither credit cards nor debit cards
What is a con of using debit cards?
Debit cards can help you build your credit history
Debit cards offer rewards and benefits
Debit cards do not have safeguards against fraud
Debit cards have a high interest rate
Why use a credit card over a debit card?
You can build credit
You can earn rewards
You can pay less than you owe
All of the above
What is a credit card "minimum"?
The most you can spend in a month
The amount you need to spend every month
The least amount you need to pay back each month
The penalty for being late on a payment
Each month you should...
Use your credit card points
Only use credit when needed
Only use debit when needed
Pay full credit statement if you can
What can credit card points go towards? (select multiple)
Tuition
Airline Miles
Rent
Discounts at stores and restaurants
What will NOT hurt your credit score?
Missed payment
Late payment
Early payment
Having too many credit cards
When you invest,the bigger the risk, the bigger the _____
What is one common way identity theft happens?
Online shopping
Dumpster diving
Reading books
Exercising at the gym
Which of the following is a method used by identity thieves to steal personal information by copying credit card information?
Skimming
Baking cookies
Playing video games
Watching movies
What is phishing?
A method of catching fish
A way to steal personal information through email scams
A type of exercise
A cooking technique
What should you avoid doing to prevent identity theft?
Going to the movies
Revealing personal information over the phone or email
Playing sports
Listening to music
Identity theft is a crime that is increasing in America today.
True
False
Identity thieves use both physical (stealing wallets) and electronic methods (hacking / phishing).
True
False
Shredding your personal documents is a good way to protect your identity.
True
False
If you are caught stealing someone's identity, then you can go to jail.
True
False
What information is needed by identity theives to open a fake credit card.
Name
Birthdate
Social Security number
All of the above
Being a victim of Identity theft can cause a great deal of emotional stress.
True
False
An ATM that is owned by a bank is always safe to use.
True
False
If you receive an email, it is always safe to click on the attached links.
True
False
Having more than one email is a good strategy to protect your identity.
True
False
Which of the following is an example of a strong password.
Password
P@$$wORd1*
PASSWORD1234
Two-factor identification is a good way to keep your online accounts protected
True
False
Where can online phishing scams take place?
Text Messages
Social Media
All of the above
If you think an email is a scam, you should forward it to your friends and family to warn them.
True
False
Having strong passwords and changing them frequently is a good way to protect your identity.
True
False
The amount that you pay when you make a claim is the ___________.
Premium
Deductible
Limit
Why is insurance important?
It can eliminate risk of something bad happening
It can lower the financial impact if something bad happens
All types of insurance are required
It is more of a luxury and isn't important to have
T / F: All customers purchasing life insurance from the same company will pay the same amount (same premium).
True
False
You've found out you are the victim of identity theft. When should you act?
after you've monitored your bank accounts for one week
after 24 hours
immediately
How often should the average person check their credit report?
daily
monthly
yearly
every 5 years
T / F: The safest passwords include a word found in the dictionary with various numbers and symbols.
True
False
I should share my password with:
My teacher
My friends
A random person
None of the above
