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NGPF Money Matters Unit 2 Vocabulary - Part 4

Total questions: 15

Worksheet time: 32mins

Name
Class
Date
1.

A payment method that allows you to pay for purchases over time by dividing the purchase amount into smaller equal payments, often with interest and additional fees; also known as Buy Now Pay Later plans. What is the correct term?

a)

Installment Plan

b)

Credit Card Advance

c)

Layaway

d)

Revolving Credit

2.

Information that a website puts on a user's computer. Fill in the blank with the correct term.

a)

Internet Cookie

b)

Firewall

c)

Browser Cache

d)

IP Address

3.

A type of scam in which fake investment opportunities are sold, often using cryptocurrency. Fill in the blank with the correct term.

a)

Investment Scam

b)

Phishing Attack

c)

Ransomware

d)

Identity Theft

4.

The tendency to judge in favor of people and symbols we like. Fill in the blank with the correct term.

a)

Liking Bias

b)

Confirmation Bias

c)

Anchoring Bias

d)

Recency Bias

5.

A dark pattern in which a website's design purposefully focuses your attention on one thing in order to distract your attention from another. Fill in the blank with the correct term.

a)

Misdirection

b)

Bait and Switch

c)

Roach Motel

d)

Forced Continuity

6.

A business in which a person receives proceeds not only from their own sales, but from the sales made by people they have signed up, and potentially people those people have signed up, and so on. Fill in the blank with the correct term.

a)

Multi-level Marketing Company (MLM)

b)

Sole Proprietorship

c)

Franchise Business

d)

Retail Store

7.

A type of scam in which personal information is requested, typically through an illegitimate email. Fill in the blank with the correct term.

a)

Phishing Scam

b)

Ponzi Scheme

c)

Ransomware Attack

d)

Brute Force Attack

8.

A dark pattern in which a retailer makes it hard for you to compare the price of an item with that of another similar item so you cannot make an informed decision. Fill in the blank with the correct term.

a)

Price Comparison Prevention

b)

Forced Continuity

c)

Hidden Costs

d)

Bait and Switch

9.

A practice used by some retailers to match a competitor's LOWER price for an item. Fill in the blank with the correct term.

a)

Price Matching

b)

Price Skimming

c)

Loss Leader Pricing

d)

Dynamic Pricing

10.

A dark pattern in which you are tricked into sharing more information about yourself than you intended to. Fill in the blank with the correct term.

a)

Privacy Zuckering

b)

Cookie Bombing

c)

Link Baiting

d)

Shadow Profiling

11.
What is the benefit of direct deposit?
a)
Any overdraft fees are waived
b)
You don't have to spend time and energy depositing a check
c)
The funds from your paycheck are usually available between 3-5 business days
d)
You get a tax benefit from the Federal government
12.

A consumer is someone who

a)

buys something

b)

makes something

c)

offers a service

d)

sells a product

13.

You bought 2 packs of crayons because it said 20% off if you buy 2 packs. what kind of consumption is this?

a)

need based

b)

personal

c)

discount driven

14.

Match the following ways criminals try to take your personal information:

a)

Phishing

1.

Inclusion of links in emails that capture personal info.

b)

Vishing

2.

Attempting to gain confidential info via the telephone

c)

Smishing

3.

Using the power of texting to try to obtain personal info.

15.
It's a good idea to share your user name and password with your best friend so they can help with your program.
a)
True
b)
False