WorksheetsConsumer Fraud Awareness Quiz
Total questions: 43
Worksheet time: 22mins
What is one of the impacts of falling victim to scams or fraud tactics?
Loss of trust in friends
Financial loss
Improved credit score
Increased savings
What is the purpose of consumer fraud protection groups?
To increase consumer spending
To protect consumers from fraud
To promote new products
To reduce taxes
What is a strategy to protect personally identifiable information (PII)?
Sharing passwords with friends
Using strong, unique passwords
Posting personal information online
Ignoring security updates
What is the definition of a consumer?
A person who sells goods and services for profit.
A person who purchases goods and services for their own use.
A person who provides services to others.
A person who manufactures goods.
What does fraud involve?
Honest representation of facts.
Intentional misrepresentation or concealment of information.
Accidental misinformation.
Providing free services.
What is a scam?
A legitimate business transaction.
A type of fraud using dishonest tactics to obtain money.
A method of saving money.
A way to invest in stocks.
What is one way to identify email fraud?
Ignore all emails
Check for suspicious links or requests for bank account information
Respond to all emails immediately
Delete all emails without reading
What should you check in an email to identify potential fraud?
The sender's email address
The color of the email
The time the email was sent
The email's font size
Which of the following is a sign of a fraudulent email?
Perfect grammar
Strange text and confusing language
A familiar sender
A well-known company logo
What should you do if you receive a call from an unknown number?
Answer immediately
Ask the caller to say the name of their company
Share your personal information
Call them back later
What information should you never share over the phone to avoid fraud?
Your favorite color
Your account number
Your pet's name
Your favorite food
What is one reason people might fall for scams and fraud?
They are well-informed about scams.
They are cautious and skeptical.
They are unaware of warning signs.
They have strong security measures.
What is a step you can take to protect yourself from scams and fraud?
Ignore all emails.
Share personal information freely.
Be aware of scam warning signs.
Trust all phone calls.
What is the purpose of consumer protection laws?
To increase company profits
To protect people and hold companies accountable
To promote international trade
To reduce government regulations
Which agency protects consumers from deceptive or unfair business practices?
Federal Securities Act (FSA)
Consumer Financial Protection Bureau (CFPB)
Federal Trade Commission (FTC)
Fair Credit Reporting Act (FCRA)
What is the main purpose of the Federal Securities Act (FSA)?
Protects consumers from telemarketers
Ensures fair treatment in debt collection
Promotes transparency in financial markets
Regulates credit information
Which act ensures consumers are treated fairly by financial institutions?
Fair Debt Collection Practices Act (FDCPA)
Consumer Financial Protection Bureau (CFPB)
Telephone Consumer Protection Act (TCPA)
Federal Trade Commission (FTC)
What does the Fair Debt Collection Practices Act (FDCPA) ensure?
Fair treatment in the debt collection process
Privacy of credit information
Protection from unfair business practices
Transparency in financial markets
Which act regulates the collection and privacy of credit information?
Federal Trade Commission (FTC)
Fair Credit Reporting Act (FCRA)
Consumer Financial Protection Bureau (CFPB)
Telephone Consumer Protection Act (TCPA)
What is the purpose of the Telephone Consumer Protection Act (TCPA)?
Ensures fair treatment in debt collection
Protects consumers from telemarketers
Promotes transparency in financial markets
Regulates credit information
Which of the following is a negative outcome of identity theft?
Make a purchase with your credit card
Improve your credit score
Receive a tax refund
Gain access to exclusive memberships
What might thieves do with your personal information related to health insurance?
Use it to get medical care
Use it to buy a car
Use it to travel abroad
Use it to apply for a job
How can identity theft affect your financial accounts?
Take over your bank accounts
Increase your savings
Lower your interest rates
Provide investment opportunities
What fraudulent activity might occur with your name in terms of utilities?
Open a phone, electricity, or gas account
Close existing utility accounts
Upgrade your internet speed
Reduce your utility bills
What might identity thieves falsely claim using your identity?
Claim unemployment benefits
Claim a scholarship
Claim a lottery prize
Claim a business grant
Which of the following is a sign of identity theft?
Receiving unexpected gifts
Unfamiliar transactions on your bank statements
Winning a lottery you didn't enter
Receiving a promotion at work
What might indicate identity theft if you notice it on your credit report?
A new job listed
Errors on your credit report
A new phone number
A change in address
Which of the following could be a sign of identity theft related to taxes?
Receiving a tax refund early
Multiple tax returns filed under your name
A decrease in tax rate
An increase in tax deductions
What could missing mail, bills, or statements indicate?
A change in postal service
Identity theft
A holiday season
A new mail carrier
Receiving debt collection calls for debts you don't owe might be a sign of what?
A billing error
Identity theft
A new credit card offer
A bank promotion
Which of the following is a way to protect yourself from identity theft?
Share your passwords with friends.
Protect your personal documents.
Ignore suspicious emails.
Use the same password for all accounts.
What should you do to ensure your online information is safe?
Use public Wi-Fi for banking.
Protect your information online.
Share your login details.
Disable antivirus software.
Why is it important to review your free credit reports?
To increase your credit score.
To check for unauthorized activities.
To apply for more credit cards.
To share with friends.
How can you stay informed about potential identity theft?
Ignore bank statements.
Check your bank and billing statements.
Avoid checking emails.
Use outdated software.
What is a recommended action to avoid phishing scams?
Be alert to phishing scams.
Click on all email links.
Share personal information freely.
Use simple passwords.
What should you do if you notice signs of identity theft?
Ignore the signs.
Report any signs of identity theft.
Share your findings on social media.
Wait for the issue to resolve itself.
What is the main focus of the activity described in the image?
Learning how to code
Deciding when to share personal information
Practicing math problems
Writing essays
What should you decide about each scenario in the activity?
If it is a good investment opportunity
If it could be an attempt at identity theft
If it is a historical event
If it is a scientific fact
How much money do consumers lose to frauds and scams each year?
Millions of dollars
Billions of dollars
Thousands of dollars
Trillions of dollars
What can you do to protect yourself and your money from frauds and scams?
Ignore all emails
Learn about the types of frauds and scams
Spend more money
Avoid using the internet
How many types of consumer fraud will you explore in this activity?
Two
Four
Three
Five
What are two clues that indicate this is a scam?
The website asks for personal information like Social Security number.
The post is titled "Win a free laptop."
The website has a secure connection.
The post is from a verified account.
What is one thing you can do to protect yourself from becoming a victim of this scam?
Share the post with friends.
Enter your information quickly.
Ignore the post and report it.
Click on the link to verify.