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QuizMultiple Choice

Consumer Protection and Financial Fraud — Quiz

Question 1 • Personal Finance

Why are scams effective?

Answer
A
Provide accurate info
B
Use urgency and trust
C
Eliminate risk
D
Increase regulation

Explanation

Scams often work by creating a sense of urgency, which pressures people to act before checking the facts, and by pretending to be someone trustworthy. “Use urgency and trust” describes these tactics. Scams do not eliminate risk or provide accurate information.

AI-written and checked against the verified answer.

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