AnswersTX-Money MattersManaging Financial Information

Investment Strategies Answers

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1
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The safest way for someone to make an online purchase is to

A
ask friends what websites are secure.
B
check with the government first.
C
buy from a reputable website.
D
visit a locally run website.
2
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The tables show two ways to pay off $500 in credit card debt.

Question illustration
A
$15 a month because it will let the person keep more spending money
B
$100 a month because it will free up credit to buy other things
C
$15 a month because it will save money in the long run
D
$100 a month because it will reduce the amount of interest paid
3

Which information is included on a person’s credit report? Check all that apply.money owed to a relativecurrent credit cards and loanstotal amount of money owedwhether bills are paid on timehow much money lenders will loaninterest rates for different loans

A
money owed to a relative
B
current credit cards and loans
C
total amount of money owed
D
whether bills are paid on time
E
how much money lenders will loan
F
interest rates for different loans
4

monitorflagfreezecancel

A
monitor
B
flag
C
freeze
D
cancel
5

When can a credit agency release someone’s credit information in Florida?

A
when an employer requests it
B
when a consumer authorizes it
C
when a lender asks for it
D
when a security freeze is put on it
6

Checking a credit report is a good way to

A
know whether credit is improving.
B
reduce the amount of money owed.
C
determine which debts to pay off.
D
decrease interest payments.
7

Which statement best describes how lenders determine borrowing conditions for a customer?

A
They access the customer’s credit reports.
B
They see how large of a down payment the customer makes.
C
They look into how much the customer has saved for emergencies.
D
They access the customer’s work history.
8

Bryan receives an e-mail from a group posing as a police officers association and asking for bank account information. This is an example of

A
social engineering.
B
phishing.
C
counterfeiting.
D
forgery.
9

Question text not available

Question illustration
A
She pays her bills on time and has a higher amount of debt.
B
She has a lot of debt with a history of making late payments.
C
She pays her bills on time and has a lower amount of debt.
D
She has a lot of money and tends to pay her bills on time.
10

Which consequences can victims of identity theft face? Check all that apply.difficulty getting a loan or credit cardan increase in debtthe loss of a jobdifficulty keeping assetsa loss of moneydifficulty landing a new job

A
difficulty getting a loan or credit card
B
an increase in debt
C
the loss of a job
D
difficulty keeping assets
E
a loss of money
F
difficulty landing a new job

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