Managing Financial Information — Quiz

Question 1

Which person is a victim of identity theft?

Revolt · Accepted Answer

Suzie, whose e-mail was stolen and used to apply for a credit card from a major retailer; Thomas, whose credit card information was stolen and maxed out at a jewelry store

Question 2

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 3

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

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quickly to protect themselves from financial losses.

Question 4

Which statement best describes the lender’s viewpoint of William? A car dealership analyzing whether it will loan money to William to buy a new car finds that his credit score is in the "very good” range.

Revolt · Accepted Answer

He is a low-risk borrower who qualifies for lower interest rates.

Question 5

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

Revolt · Accepted Answer

They access the customer’s credit reports.

Question 6

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 7

Which consequences can victims of identity theft face? Choose four correct answers.

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difficulty landing a new job; a loss of money; an increase in debt; difficulty getting a loan or credit card

Question 8

Checking a credit report is a good way to

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know whether credit is improving.

Question 9

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

Revolt · Accepted Answer

They access the customer’s credit reports.

Question 10

Which information is included on a person’s credit report? Choose four correct answers.

Revolt · Accepted Answer

current credit cards and loans; whether bills are paid on time; interest rates for different loans; total amount of money owed

Managing Financial Information — Quiz Answers

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