10
QuizMultiple Choice

Managing Financial Information

Question 10 • TX-Personal Financial Literacy and Economics

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

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

Explanation

Victims should contact the authorities as soon as they discover identity theft so they can limit further damage, such as unauthorized purchases or new accounts opened in their name. Waiting to find out whether money has already been lost or how the identity was stolen could give the thief more time. Therefore, the best choice is “quickly to protect themselves from financial losses.”

AI-written and checked against the verified answer.