Personal Finance Literacy Study Guide Test.
Which example describes sharing risk?
a.
getting car insurance
b.
deciding not to buy a car
c.
only driving during the day
d.
driving a car at high speeds - CORRECT ANSWER A
A 6 character computer password is made up of 4 numbers followe...
Personal Finance Literacy Study Guide
Test.
Which example describes sharing risk?
a.
getting car insurance
b.
deciding not to buy a car
c.
only driving during the day
d.
driving a car at high speeds - CORRECT ANSWER A
A 6 character computer password is made up of 4 numbers followed by 2 letters. How many different
passwords are possible?
a.
810,000
b.
3,276,000
c.
6,500,000
d.
6,760,000 - CORRECT ANSWER D
Which of these are ways that identity theft can happen? Check all that apply.
a.
by forgery
b.
by phishing
, c.
by fraud
d.
by financial engineering
e.
by social engineering - CORRECT ANSWER A B C
Which statement best describes what happens when people declare bankruptcy?
a. Some of their debts can be eliminated, and loan terms are renegotiated with lenders.
b. All of their debts are eliminated, and they are given a fresh start.
c. All of their debts are eliminated, but they have to sell their assets, such as their homes.
d. Some of their debts can be eliminated, but they must agree not to take on more debt. - CORRECT
ANSWER C
In the wrong hands, which of the following pieces of personal information would present the greatest
risk for identity theft?
a. address
b. date of birth
c. mother's maiden name
d. social security number - CORRECT ANSWER D
For a consumer with a homeowner's policy, installing smoke detectors helps to
a.
avoid risk.
b.
create risk.
c.
reduce risk.
d.
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