Which type of identity theft is MOST prevalent for people age 19 and under?

Employment or tax-related fraud

Sofia receives a text message from her bank. All of the following indicate that the text may actually be a scam EXCEPT…

It asks her to call the number that is on the back of her debit card

What is an influencer?

A person w/ ability to convince ppl to buy a product/service by promoting

Which of these students is doing a POOR job of protecting themselves against identity theft?

Same password for every account

All of the following are ways to use social media more mindfully EXCEPT…

Check your social media accounts frequently throughout the day

How might freezing your credit help you protect your personal information?

to help prevent someone from opening accounts in your name

Which of the following is an example of the Roach Motel dark pattern?

A website auto signs you up for a paid subscription but it's hard to cancel

Zach receives a notification from the IRS that he owes money. Which indicates the notification is real and not a scam?

The IRS sends him a formal letter in the mail about taxes he owes

Influencers can have a direct impact on consumers’ financial habits because they typically…

Rate and review products that their followers are likely to purchase

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Financial Literacy Unit 2

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Questions 15

Answers

1
A type of scam in which payments from lower-level, recruited employees are pushed to higher-level employees is called:
Phishing
Pyramid Sheme
Email Scam
Fraudulent Spying
2
Which type of identity theft is MOST prevalent for people age 19 and under?
Loan or lease fraud
Phone and utility fraud
Bank Fraud
Employment or tax-related fraud
3
A scam in which a fraudster will boost the price of a stock based on false information and then sell the stock
Identity Theft
Dark pattern
Phishing
Pump and Dump
4
Sean wants to buy a new backpack for school. What should he be LEAST concerned about when comparison shopping?
The QUALITY of the backpack
REVIEWS left by other consumers
The PRICE of the backpack
WHEN the backpack was made
5
Sofia receives a text message from her bank. All of the following indicate that the text may actually be a scam EXCEPT…
The text says she will loose alot of money if she doesn't respond
It has a suspicious link
It asks her to call the number that is on the back of her debit card
It has a few spelling errors
6
What is an influencer?
A person w/ ability to convince ppl to buy a product/service by promoting
Any type of media (ad, article, picture) that convinces you to buy
Someone who agrees to follow you back if you follow them on social media
An ad agency that works with various orgs to promote their products
7
Which of these students is doing a POOR job of protecting themselves against identity theft?
2 factor authentication
Same password for every account
Different password for every account
Checking bank account daily
8
Each of the following is one of the six ways of influence EXCEPT…
Scarcity
Social Proof
Blackmail
Authority
9
All of the following are ways to use social media more mindfully EXCEPT…
Check your social media accounts frequently throughout the day
Make a budget and use it to track/adjust your spending from social media
Unfollow/mute accounts that encourage you to spend money
Add items to your wishlist instead of your cart
10
How might freezing your credit help you protect your personal information?
to help prevent someone from opening accounts in your name
All of your credit cards are canceled and removed from your credit file
Your credit information is locked for ten years
Your credit report includes past credit info but does not include info
11
Which of the following is an example of the Roach Motel dark pattern?
A website auto signs you up for a paid subscription but it's hard to cancel
A banner ad has a fake speck of dust to trick users to click on it
A mobile app uses green buttons throughout to select NO
A hotel reservation site tells you the number of deals you just missed
12
When deciding to follow an influencer on social media, the most important thing teens value is…
How authentic they appear
The types of products/services they promote
How many followers they have
How many sponsors they have
13
Zach receives a notification from the IRS that he owes money. Which indicates the notification is real and not a scam?
The IRS calls him and demands he pay taxes he owes within 24 hours
The IRS sends him a formal letter in the mail about taxes he owes
The IRS threatens to send local law enforcement if he does not send money
The IRS texts him from an unknown number
14
Influencers can have a direct impact on consumers’ financial habits because they typically…
Promote reusing and recycling items their followers may already have
Rate and review products that their followers are likely to purchase
Design products that consumers are likely to buy
Encourage consumers to save money instead of spending it
15
The two major signs of a scam are a request for personal information and ___________.
A free 30 day trial of a product or service
A coupon code offered for a current sale
An urgent need for money
A request to like and subscribe an account on social media

Financial Literacy Unit 2 Flashcards | StudBud