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Personal Finance 10
Consumer Protection
Question | Choices | Answer |
---|---|---|
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 nor B | A. Fewer unwanted telemarketing calls |
Identity thieves can use your personal information to: | A. open a credit card account. B. Sign up for electricity service. C. Get a cell phone contract. D. All of the above | D. All of the above |
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 & B. D. Neither A or B | A. your credit report displays accounts you did not open |
What is the safest way to dispose of old bank account statements? | A. throw the out in a neighbor's trash. B. Shred them in a paper shredder. C. Keep them bundled together in a folder. D. Put them in the trash, unopened | B. shred them in a paper shredder |
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. Provide only your name and account number | B. Hang up and call back using the bank's official phone number |
The primary goal of the Consumer Financial Protection Bureau is: | A. To monitor your credit report. B. To protect against abusive or deceptive debt collection practices. C. To protect consumers by regulating financial products and services | C. to protect consumers by regulating financial products and services |
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 it. C. Contact the credit card company to report the charge | C. Contact the credit card company to report the charge |
Consumer protection laws are meant to: | A. Protect businesses from consumers. B. Prevent unfair or deceptive business practices. C. Protect consumers from spending too much money | B. Prevent unfair or deceptive business practices |
Which of the following is the BEST way to protect against identity theft? | A. Discard old account statements weekly. B. Use only public access Wi-Fi. C. Change online account passwords frequently | C. Change online account passwords frequently |