25
QuizMultiple Choice

Managing Financial Information — Quiz

Question 25 • Personal Finance

Federal and state governments protect victims of identity theft by

Answer
A
forcing credit-reporting agencies to notify victims of suspicious activity.
B
requiring people to do a better job protecting their personal information.
C
passing laws requiring financial institutions to reimburse victims.
D
creating laws that impose fines and jail time for identity thieves.

Explanation

Governments protect victims by making identity theft a crime and imposing penalties on people who commit it, including fines and jail time. Choice D describes this legal protection. The other choices suggest requirements that do not generally define how federal and state governments protect identity-theft victims.

AI-written and checked against the verified answer.

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