Quiz about Credit, ID Theft, and Michelle Brown Test Review

Question 1

The amount you pay to use someone else's money.

Accepted Answer

Interest

Answer

Credit

Answer

Principal

Answer

Creditor

Question 2

The length of your loan (usually based in years)

Accepted Answer

Term

Answer

Duration

Answer

Principal

Answer

Expiration

Question 3

The people or organizations to whom you owe money are referred to as...

Accepted Answer

Creditors

Answer

Loan Sharks

Answer

Credit Bureaus

Answer

Credit Karma

Question 4

Borrowing money.

Accepted Answer

Credit

Answer

Interest

Answer

Rate

Answer

Principal

Question 5

The amount of money you borrow.

Accepted Answer

Principal

Answer

Interest

Answer

Loan

Answer

Credit

Question 6

A form of fraud in which someone pretends to be someone else.

Accepted Answer

Identity Theft

Answer

Phishing

Answer

Dumpster Diving

Answer

Mutation

Question 7

Has a variable rate and payments; open-ended (allows you to borrow, pay it back and borrow again).

Accepted Answer

Revolving Credit

Answer

Secured

Answer

Unsecured

Answer

Installment Loan

Question 8

Has a fixed rate, term, payments.

Accepted Answer

Installment Credit

Answer

Credit Card

Answer

Bail Bond

Answer

Security Installment

Question 9

One of the best examples of revolving credit is?

Accepted Answer

Credit Card

Answer

Mortgage

Answer

Car Loans

Answer

Bankruptcy

Question 10

Opening a Passbook or Statement Savings Loan is the best way to?

Accepted Answer

Build credit

Answer

Earn Money

Answer

Gain trust with your bank

Answer

Impress Mrs. Wilson-Marro

Question 11

Which of the following IS NOT one of the Credit Bureaus that we talked about in class?

Accepted Answer

Credit Karma

Answer

Equifax

Answer

Transunion

Answer

Experian

Question 12

True or False. You SHOULD laminate your Social Security Card to protect it.

Accepted Answer

False

Answer

True

Question 13

A person digging through your rubbish looking for personal information is an example of which type of Identity Theft?

Accepted Answer

Dumpster Diving

Answer

Online Shopping

Answer

Phishing

Answer

Skimming

Question 14

A person trying to watch you type in your PIN at an ATM, is an example of which type of Identity Theft?

Accepted Answer

Surveillance

Answer

Phishing

Answer

Skimming

Answer

Inside Sources

Question 15

When you receive random emails or "pop-ups" on your computer or phone trying to have you sign up for certain things is an example of which type of Identity Theft?

Accepted Answer

Phishing

Answer

Skimming

Answer

Inside Sources

Answer

Online Shopping

Question 16

If where you insert your ATM card in the machine looks suspicious, this could be an example of which type of Identity Theft?

Accepted Answer

Skimming

Answer

Swiping

Answer

Securing

Answer

Surveillance

Question 17

After how many days of you waiting to report you debit card lost or stolen could your maximum loss be unlimited?

Accepted Answer

60

Answer

180

Answer

120

Answer

30

Question 18

All of the following are ways to prevent Identity theft except...

Accepted Answer

Call Credit Karma to discuss your losses.

Answer

Putting a freeze on your credit reports.

Answer

Cancel your accounts of debit cards.

Answer

File a police report.

Question 19

From what was presented in class, besides the retail industry, what is another industry where Identity theft is common?

Accepted Answer

Medical industry

Answer

First responder industry

Answer

Scientific Industry

Answer

Entertainment Industry

Question 20

One of the "warning signs" of Identity Theft is?

Accepted Answer

You stop receiving bills and other mail.

Answer

Receive more credit card applications than usual.

Answer

More telemarketers contacting you than usual.

Answer

Your bank reaching out to you with a promotion for lower interest rates.

Question 21

Accounts you have with anyone/business who provides you with a service, is known as?

Accepted Answer

Service Credit

Answer

Secured Loan

Answer

Installment Credit

Answer

Revolving Credit

Question 22

A number that determines how financially responsible you are, is known as?

Accepted Answer

Credit Score

Answer

Creditors

Answer

Principal

Answer

Identity Theft

Question 23

Which of the following is NOT one of the four "C's" of Credit?

Accepted Answer

Credit Card

Answer

Collateral

Answer

Character

Answer

Capacity

Question 24

Which of the following is not a factor that determines your creditworthiness?

Accepted Answer

Medical History

Answer

Payment History

Answer

Length of Credit History

Answer

Amount Owed

Question 25

In the movie, Identity Theft: The Michelle Brown Story, who stole Michelle's identity?

Accepted Answer

Connie

Answer

Justin

Answer

Barry

Answer

Christine

Question 26

How did Connie steal Michelle's identity?

Accepted Answer

Stole her information from the mortgage company Michelle was using

Answer

Watched her input her credit card PIN into the ATM

Answer

Dug through her trash

Answer

Called over the phone to gain access to her infromation

Question 27

When did Michelle first realize she had a problem?

Accepted Answer

When her credit card declined to pay for pizza

Answer

When she tried ordering shoe online

Answer

When her mortgage check bounces

Answer

When he car loan gets cancelled.

Question 28

More than half the time a victim of identity theft....

Accepted Answer

Knows the thief

Answer

Does not sign their credit cards

Answer

Loses less than $10,000

Answer

Never notices it happens

Question 29

What is another way that Connie used Michelle's name and credit? Choose all that apply.

Accepted Answer

Got a new license/form of identity

Accepted Answer

Rented an Apartment

Accepted Answer

Bought a Car

Answer

Purchased Stocks

Answer

Took an international flight.

Question 30

How much jail time did Connie serve for her crimes against Michelle?

Accepted Answer

2 years

Answer

20 years

Answer

No jail time

Answer

5 years

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