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NGPF Money Matters Unit 2 Vocabulary - Part 5

Total questions: 25

Worksheet time: 1hrs 9mins

Name
Class
Date
1.

Fill in the blank: ______ is a type of scam in which investors artificially inflate the price of an asset and then sell out before the price falls.

a)

Pump and Dump Scam

b)

Ponzi Scheme

c)

Insider Trading

d)

Front Running

2.

Fill in the blank: ______ is an illicit business model where profits are based on the investor's ability to recruit other individuals who are enrolled to make payments to their recruiters. Generally, neither a product or service is delivered.

a)

Pyramid Scheme

b)

Franchise Model

c)

Crowdfunding

d)

Direct Sales

3.

Fill in the blank: ______ is a type of scam in which a QR code directs users to a fake website to collect information or install malware.

a)

QR Code Scam

b)

Phishing Email

c)

Ransomware Attack

d)

Social Engineering

4.

Fill in the blank: ______ is the tendency to return in kind what another has done for us.

a)

Reciprocity Bias

b)

Anchoring Bias

c)

Confirmation Bias

d)

Availability Heuristic

5.

Fill in the blank: ______ is an online advertising strategy of reaching out to previous visitors of a website or app, often by showing ads or sending emails; also called remarketing.

a)

Retargeting

b)

Segmentation

c)

A/B Testing

d)

Geo-targeting

6.

Fill in the blank: ______ is a dark pattern that allows you to get into a situation very easily (like signing up for a subscription or getting product emails) but then you find it is hard to cancel or get out of it.

a)

Roach Motel

b)

Breadcrumb Navigation

c)

Progressive Disclosure

d)

Lazy Registration

7.

Fill in the blank: ______ is a type of scam in which an online relationship is built and then money is requested.

a)

Romance Scam

b)

Phishing Scam

c)

Lottery Scam

d)

Tech Support Scam

8.

Fill in the blank: ______ is an illegal trick, usually with the purpose of getting money or information from a person; a type of fraud.

a)

Scam

b)

Gift

c)

Favor

d)

Donation

9.

Fill in the blank: ______ is the tendency to assume things that are scarce are valuable and things that are abundant are not.

a)

Scarcity Bias

b)

Confirmation Bias

c)

Anchoring Bias

d)

Recency Effect

10.

Fill in the blank: ______ is a type of scam in which an item is purchased, often through social media, but the product never arrives.

a)

Shopping Scam

b)

Phishing Scam

c)

Lottery Scam

d)

Investment Scam

11.

What is the term for 'The tendency to behave in a particular way because others are doing so'?

a)

Social Proof Bias

b)

Confirmation Bias

c)

Anchoring Bias

d)

Availability Heuristic

12.

What is the term for 'A dark pattern in which a website sneaks an additional item into your basket somewhere in the online purchasing journey, often through the use of an opt-out button or checkbox on a prior webpage'?

a)

Sneak Into Basket

b)

Forced Continuity

c)

Roach Motel

d)

Privacy Zuckering

13.

What is the term for 'A business model companies use to charge you on a regular basis for ongoing updates to products and services you use'?

a)

Software as a Service (SaaS)

b)

One-time Purchase Model

c)

Freemium Model

d)

Crowdfunding

14.

What is the term for 'An amount of money that you pay regularly to receive a service or product'?

a)

Subscription

b)

Donation

c)

Refund

d)

Invoice

15.

What is the term for 'An additional fee that is usually higher than what you could pay for the item or action on your own'?

a)

Surcharge

b)

Discount

c)

Rebate

d)

Allowance

16.

What is the term for 'Purchasing goods second hand whether in person or through an online marketplace'?

a)

Thrifting

b)

Bartering

c)

Leasing

d)

Consignment

17.

What is the term for 'A fee that is charged simply for fulfilling an order'?

a)

Transaction Fee

b)

Subscription Fee

c)

Penalty Fee

d)

Service Charge

18.

What is the term for 'A question that appears to ask one thing but, when read carefully, asks another thing entirely'?

a)

Trick Question

b)

Rhetorical Question

c)

Open-ended Question

d)

Leading Question

19.

What is the term for 'An extra layer of security that requires a user to provide two pieces of information (such as a password and a temporary code) to access an account'?

a)

2-Factor Authentication (2FA)

b)

Single Sign-On (SSO)

c)

Firewall

d)

Encryption

20.

What is the term for 'The cost for one item or measurement that allows it to be easily compared to other similar products to evaluate which is a better deal'?

a)

Unit Price

b)

Retail Price

c)

Gross Margin

d)

Total Cost

21.

What is the term for ?

a)

Ways of Influence

b)

Types of Energy

c)

Forms of Matter

d)

Methods of Calculation

22.

What is the term for factors such as authority, liking, or scarcity that have an effect on the way we make decisions?

a)

Persuasion (or Persuasive factors/principles of influence)

b)

Cognitive dissonance

c)

Group polarization

d)

Confirmation bias

23.

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.

24.

How much is this check written for?

(a)  

25.

When was the check written?

(a)