Module 6: Keep It Safe

When purchases car insurance, you might receive a discount for which of the following? a. good driving record b. getting a speeding ticket c. good grades d. good references

a, c

Where can you find information on how a financial institution handles and shares your personal information? a. In a Privacy Notice sent to you by the financial institution b. It is listed in the Truth in Lending Act c. In the Terms and Conditions listed on your account statement d. On the banks of your checks

a. In a Privacy Notice sent to you by the financial institution

The federal privacy laws permits a financial company to share certain information about you without giving you the right to opt out in which of the following situation? a. When sharing your information with other companies looking to market their own products and services b. When a court orders it to do so c. When sharing your payment history on loans with credit bureaus d. When receiving a profit for your personal data

b, c

How can you protect yourself from identity theft? a. Keep a copy of a PIN in your wallet or purse in case your forget your number b. Sign up for direct deposit. c. Carry all of your credit cards and identification with you at all times. d. Review your financial account statements and credit report regularly.

b, d

Insurance is important because a. it is free money b. it protects you from certain financial losses c. it helps you save money on taxes d. it helps you get a job

b. it protects you from certain financial losses

Which of these actions should you take if your wallet or purse is lost or stolen? a. Request a new SSN. b. Change your name. c. File a police report. d. Cancel your credit cards. e. Request a new ATM card with a new number and pin.

c, d, e

You should plan for unexpected life events, such as death or disability, so you can: a. save money b. avoid a financial setback c. reduce stress of decision making during an emergency d. make choices that are right for you and your family e. all of the above

e. all of the above

T/F: If you get an e-mail from a government agency or a company you do business with asking you to confirm or verify personal financial information, it's always safe to do so.

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