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personal finance 7
| Question | Answer |
|---|---|
| Sean wants to buy a new backpack for school. Which of the following factors should he be LEAST concerned about when comparison shopping? | WHEN the backpack was made |
| Zach receives a notification from the IRS that he owes money. Which of the following indicates that the notification is real and not a scam? | The IRS sends him a formal letter in the mail notifying him of taxes he owes |
| Which of the following is an example of the Roach Motel dark pattern? | A website automatically signs you up for a paid subscription when you create an account but there is no easy way to cancel it |
| Josefina sees an ad of a doctor who's promoting a new energy drink. The doctor cites her credential and experience saying, “I’ve been working in the industry for over 20 years. Buy this product!” Which of he six ways of influence is being used in this ad? | Authority |
| Niko used his credit card to buy a jacket he saw on a social media ad. He still has not gotten a receipt of payment or confirmation email regarding the purchase and he’s starting to suspect he was scammed. What is the next BEST thing Niko should do? | Report the fraudulent charge to his bank and ask them to reverse the transaction |
| Which of these students is doing a POOR job of protecting themselves against identity theft? | David: “I use the same login credential for all my bank accounts to keep my finances organized.” |
| Influencers can have a direct impact on consumers’ financial habits because they typically... | Rate and review products that their followers are likely to purchase |
| When deciding to follow an influencer on social media, the most important thing teens value is… | How authentic the influence appears |
| How might freezing your credit help you protect your personal information? | Your credit information is blocked to help prevent someone from opening accounts in your name |
| Tara is looking for a winter coat and found one in her price range. However, she is unfamiliar with the brand and is unsure how long the coat will last. Which of the following factors might help Tara find the information she is looking for. | Customer reviews |
| Sofia receives a text message from her bank. All of the following indicate that the text may actually be a scam EXCEPT… | The text message asks her to call the number that is on the back of her debit card |
| The two major signs of a scam are a request for personal information and _________. | An urgent need for money |
| What is a Pump and Dump scam? | A scam in which a fraudster will boost the price of a stock based on false or misleading information and then sell the stock |
| Which of the following is TRUE about recent trends in identity theft? | Multiple large organizations have experience data breaches that have leaked consumer information |
| All of the following are ways to use social media more mindfully EXCEPT… | Check you social media accounts frequently throughout the day |
| Sean received a notification that his information was compromised and he is likely a victim of identity theft. Sean should take all of the following steps EXCEPT… | Wait for 90 days before contacting the Federal Trade Commission to see if they catch the fraudulent behavior |
| What does it mean if a fraudster accessed your personal information through phishing? | The fraudster tricked you into revealing personal information through email, texts, or other electronic communication |
| Which of these most accurately define a dark pattern? | When design features trick users into doing something that benefits the business |
| Which type of identity theft is most prevalent for people age 19 and under? | Employment or tax-related fraud |
| Which of the following is TRUE about scams? | There are a number of red flags you can be aware of that can help you avoid being scammed |
| What is a pyramid scheme? | A type of scam in which payments from lower-level, recruited employees are pushed to a higher-level employees |
| What is a potential benefit of comparison shopping? | You are more likely to find a product that best fits within your budget |
| Each of the following is one of the six ways of influence EXCEPT.. | Blackmail |
| An influencer is... | A person who has the ability to convince someone to buy a product or service by promoting it on social media |
| Which of the following does social media influence consumers to buy the MOST of? | Clothing or accessories |