12
QuizMultiple Choice

Managing Financial Information — Quiz

Question 12 • Personal Finance

It is important for victims of identity theft to contact the authorities

Answer
A
after determining whether they have lost any money.
B
after determining how someone stole their identity.
C
quickly to protect themselves from embarrassment.
D
quickly to protect themselves from financial losses.

Explanation

Victims should contact the authorities as soon as they discover identity theft. Quick action can help stop fraudulent activity and limit further financial losses; there is no need to wait until they know how the identity was stolen or whether money has already been lost. The correct choice is “quickly to protect themselves from financial losses.”

AI-written and checked against the verified answer.

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