Show:
Fraud
Identity Theft
Bankruptcy
Gambling
Checks
100
Something that you should NEVER write on your debit card
PIN Number
100
Someone steals your personal information, uses it without your permission to get money or other benefits by pretending to be you. What is this called?
Identity theft
100
How long does bankruptcy stay on your credit file?
10 years
100
Based on current trends in the gaming industry, A. # of ppl who gamble is decreasing B. Ppl who gamble are beating the odds at casinos C. Internet gambling is rapidly growing D. Fewer ppl have gambling problems
C - Internet gambling is rapidly growing
100
What does it mean to balance your checkbook?
Keeping a record of everything in your account; transactions, deposits, withdrawals
200
Protect your iPad and phone with what?
Password
200
Only provide this # when necessary
SSN
200
If you file bankruptcy, you will NOT be eligible to file again for how many years?
8 yrs
200
_________________ is one sign that a person has a gambling problem. A. Frequent visits to a casino B. Buying lottery tickets regularly C. Always thinking about gambling D. Playing in poker tournaments
C - Always thinking about gambling
200
Why is balancing your account important
So you know how much money you have in your account. To make sure it is accurate.
300
Marrying someone for money so they can become a U.S. citizen is known as?
Marriage Fraud
300
Emails from your bank requesting information is an example of?
Phishing
300
After bankruptcy, how can you repair your credit
Pay your bills on time
300
Which of the following is a potential social benefit of gambling? A. Increased # of bankruptcies B. Increased jobs in a local community C. Increased # of lottery tickets sold D. Decreased spending with local businesses
B - Increases jobs in a local community
300
Why would you fill out a deposit slip?
So you can put money into your account.
400
In February 2011, courts charged Edmond, Oklahoma, Girl Scout troop leader Christa Utt. She secretly kept $5,000 from the organization from the sale of cookies, as well as from a donation made at the request of the deceased mother of one of the troop members. What crime did she commit?
Embezzlement
400
Janna always goes to public places to access free wi-fi. There, she likes to do online shopping. Why may this be a bad idea?
It is risky because it may NOT be a secure website, therefore increases the risk for identity theft.
400
List 5 reasons why someone might file for bankruptcy.
1 - Divorce 2 - Illness 3 - Gambling debt 4 - Unemployment 5 - Unpaid taxes 6 - Excessive medical bills
400
Probably is best defined as: A. How likely it is that something will happen B. Making choices based on past events C. Forecasting the future D. Taking a chance
A - How likely it is that something will happen
400
What is the difference between a debit card and a credit card?
Debit card - money comes out of your checking account Credit card - it is NOT your money, the bank allows you to use the card and charge your purchases, BUT you MUST pay it back with interest each month.
500
What is an example of forgery?
Signing your name on someone else's check, creating a false document, conterfeit money, signing someone else's name on a document, altering documents
500
John's facebook and twitter are open to the public. His password for each is his birthday. Name two things he can do to reduce his risk for his account being hacked and becoming a victim of identity theft.
Make a stronger password by using a combination of letters, numbers, and characters and reset his privacy controls.
500
What is the difference between CH 7 bankruptcy and CH 13 bankruptcy?
CH7 (straight bankruptcy) - Releases you from all of your debt and the bank takes some of your assets and uses them to pay your bills CH13 (debt adjustment) - Allows you to keep your assets and is a repayment plan to pay off debt within 3-5yrs. Failure to make payments can result in serious consequences, could end up in more debt.
500
An example of an independent event is: A. A game of blackjack B. A game of poker C. The lottery D. Flipping a coin
D - Flipping a coin
500
There are two sets of numbers at the bottom of everyone's personal checks. What are these sets of numbers and what is the difference?
Routing number - the 9 digit number at usually at the bottom left of personal checks. The routing number is the bank's identification number. Checking account - this is your bank account number