Finance Unbox-ED (INR) - Grade 6-8 - Session 040 - Quiz 1

Select all the statements that are true about digital finance

• Digital finance refers to managing money using the internet
• Digital finance makes transactions faster and more convenient
• Use of digital finance has reduced due to the risks involved
• All of the above

Identity theft in finance happens when someone steals your personal information for financial fraud

• True
• False

Select all the statements that are digital best practices

• Use a strong password
• Enable 2FA
• Use public wifi
• Don't click on suspicious links

Select all the best practices for passwords

• Passwords should be long and complex
• Password should be the same for all accounts
• Passwords should include some personal information
• Passwords should be changed regularly i.e. every 3-6 months

2FA or two factor authentication adds an extra layer of security by requiring two steps to verify it's really you before you can log into your account

• True
• False