Consumer Rights
Nutrition Labels are an example of which consumer right?
Right to information
When would a contract NOT be valid?
If the activity is illegal
_____ is the most important piece of information we need to protect?
Social Security Number
What financial institution would help you rent or buy a home?
Realtor/Real Estate Broker
What is it called when we place money we make illegally into a bank?
Money Laundering
Asking for a refund is which consumer right?
Right to be heard
What type of contract is written and signed?
Expressed
______ is used to replace or repair defective items you purchased.
Warranty
Yes
If someone opens 3 credit cards in your name yet you never applied for a credit card, what financial crime are you a victim of?
Identity Theft
Selling a swiss army knife to a toddler would be a violation of which consumer right?
Right to Safety
Ordering food at a restaurant is considered which type of contract?
Implied
Which type of insurance covers workman's compensation?
Business
How do mortgage loan companies make their money?
Interest on loans
Who do we report Identity theft to?
Fraud dept. and the authorities.
Buying something and being pleased with the product.
This contract involves one person agreeing to be paid for a service?
Unilateral
What act or law protects us from debt collectors calling us multiple times or at specific times of the day?
Fair Debt Collections and Practices Act
Which 3 financial careers do NOT require a bachelor's degree?
Real Estate, Insurance, and Credit Councilor
True
What should we do before filing a customer complaint?
This contract would be two parties agree on the exchange of services and or products?
Bilateral
Customers having their shopping habits sold to other companies is a violation to what protection policy?
Are debt collectors allowed to contact your place of employment to collect a debt?
Yes
In 2008 the banks were running out of money because of defaulted loans. What did the government do in response?
Bailout