Managing Financial Information

Question 1

Which of these scenarios most puts Margaret at risk of identity theft?

Revolt · Accepted Answer

Margaret manages her bank account through its website while using a restaurant’s public wifi.

Question 2

Which person is a victim of identity theft?

Revolt · Accepted Answer

Thomas, whose credit card information was stolen and maxed out at a jewelry store

Question 3

bankruptcypaymentdissolutioncancellation

Revolt · Accepted Answer

payment

Question 4

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

Revolt · Accepted Answer

phishing.

Question 5

monitorflagfreezecancel

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freeze

Question 6

Question 6

Revolt · Accepted Answer

She pays her bills on time and has a lower amount of debt.

Question 7

Checking a credit report is a good way to

Revolt · Accepted Answer

know whether credit is improving.

Question 8

The tables show two ways to pay off $500 in credit card debt.

Revolt · Accepted Answer

$100 a month because it will reduce the amount of interest paid

Question 9

The Jones family would like to buy a home, but they have a large amount of debt that has led to a weak credit score. What step could the Jones family take to improve their credit?

Revolt · Accepted Answer

They could hire a financial adviser to figure out how to pay off their debt.

Question 10

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

Revolt · Accepted Answer

quickly to protect themselves from financial losses.

Managing Financial Information Answers

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