9
AssignmentMultiple Choice

Making Spending Decisions

Question 9 • ***CPS Online Personal Finance fall – 3-2027

Some online marketplaces offer no protections to consumers. Why is it important to report fraud that occurs through these websites, even if there is little chance that you will get your money back?

Answer
A
because most online marketplaces have a money-back guarantee
B
because your bank will get your money back if you have wired it to a fraudulent seller’s bank account
C
because sellers who commit fraud are generally happy to offer relief once their fraud is pointed out
D
because flagging the account and reporting the fraud could prevent others from becoming victims