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a) to protect consumers by regulating financial products and services |
The primary goal of the Consumer Financial Protection Bureau is: a) to protect consumers by regulating financial products and services b) to protect against abusive or deceptive debt collection purposes c) to monitor your credit report and ensure your identity and other sensitive data has not been compromised d) to protect consumers against false advertising and other unfair business practices |
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c) both a & b |
After a suspected identity fraud case has been resolved you should: a) continue to monitor your credit reports and accounts b) keep all copies of relevant documentation c) both a & b d) neither a or b |
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a) fewer unwanted telemarketing calls |
consumer protection laws might result in: a)fewer unwanted telemarketing calls b) lower prices at the gas station c) both a & b d) neither a or b |
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b) verified trusted sources that need it |
it is generally safe to provide your social security number to: a) anyone who asks you for it b)verified trusted sources that need it c) school personnel who want to have it on record d) close friends and relatives who do not know it |
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b) hang up and call back using the bank’s official phone number |
the safest action to take if someone claiming to be from your bank calls you to ask for account information is to: a) pull up the bank website and compare information b) hang up and call back using the bank’s official phone number c) ask the caller to explain this account information they need in more detail d) provide only your name and account number |
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a) $iLOV3dGs6! |
which new password is the strongest alternative to the weak password "ilovedogs" a) $iLOV3dGs6! b) LoveDogs18! c) @EyelUvDawGs d) all of the passwords are equally secure |
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b) order a credit report |
If you’ve been a victim of identity thefy, wht should you do after contacting the company that reported the suspicious charge and issuing a credit fraud report? a) wait until the company sends you confirmation that everything has been resolved b) order a credit report c) report the identity theft to the Federal Trade Commision d) none of the above |
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a) your credit report displays accounts you did not open |
Which of the following scenarios might indicate that you have been a victim of identity theft? a) your credit report displays accounts you did not open b) You do not pay your credit card bill on time c) both A or B d) neither A or B |
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d) ordering your latest credit report |
Which action will be least helpful if you’ve been the victim of identity theft? a) report the fraud to each credit bureau b) contact your bank and credit card company c) withdraw your money from all accounts d) ordering your latest credit report |
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d) contact the credit card company to report the fraudulent charge |
What is the FIRST action you should take if you suspect there has been a fraudulent charge on your credit card? a) order your credit report to look for other fraudulent activity b)call the store where the purchase was made and ask them to remove the charge c) close all bank accounts associated with that credit card d) contact the credit card company to report the fraudulent charge. |
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c) both a and b |
Where could an identity theft access your personal infromation a) while on public wifi with your neighborhood coffee shop b) from stored password data on your cell phone c) bot a and b d) neither |
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cash reciepts |
Which document puts you at the LEAST risk of identity theft? |
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limit how many credit cards you carry |
what is a way to protect your social security number and other sensitive information from identity theft? |
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starting a new job |
what activities might require you to provide your social security number |
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change online passwords frequently |
which of the following is the BEST way to protect against odentity theft? |
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your credit report displays accounts that you did not open |
which of the following scenarios might indicate that youve been a victim of identity theft? |
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review your recent credit card statements |
the best way to investigate fradululent transactions on your credit card is to: |
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to raise money to grow the company |
what is the primary reason to issue stock? |
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treasury bond-diversified mutual fund–stock |
which of the following correctly orders the investments from LOWER risk to HIGHER risk |
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savings account |
which investment type typically carries the least risk |
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it helps you to balance your risk across different types of investments |
Diversification is important in investing because…. |
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stocks allow investors to own a portion of the company; bonds are loans to the company |
which best describes the difference between stocks and bonds |
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by investing their earnings back into their original investment |
how can investors recieve compounding returns |
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– all of the above |
which of the following is generally true about 401(k) and 403(b) retirement plans -they are plans offered through employers – they offer some tax benefits -they restrict when you can withdraw your money – all of the above |
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– To save money for their residents |
Why might a town decide to issue bonds? |
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-traditional IRA |
if an employer does not offer a retirement plan, what might be another way to save for retirement |
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bond |
When you buy a _________, you are loaning money to an organization |
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mutual funds::stocks, bonds |
________ are typically comprised of a mix of ___________ and __________ |
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the value of the investment may be hard to predict |
if an investment is considered "volatile," it means |
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a bond typically pays a fixed, predictable amount of interest each year |
Why is a high-quality bond typically considered a lower-risk investment than a stock? |
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By investing their earnings back into their original investment |
how can investors receive compounding returns? |
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higher; higher |
generally speaking, the ______ the risk, the _______ the potential return or loss. |
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the issuer will pay you back, plus interest |
what happens when a bond becomes due |
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a portfolio of with a high percentage of stocks |
which type of portfolio might a young investor who is not afraid of risk choose? |
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