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Finance Flashcards

Personal & Family Finance Unit 10

Weasel Words involve advertising all of the good things about a product while ignoring the negative aspects of the product. False
What is when an identity thief calls or emails you pretending to be someone else in order to get your personal information? Phishing
Experts recommend that you don’t wait for sales before buying an item, since the item is likely to rise in price in the time you wait. False
What is a strategy for reducing the risk of identity theft? Carry only the cards and personal identification that you need.
If you receive a phone call and the caller asks for personal information, what should you do? Refuse to give the information and hang up
What is a partial refund of the purchase price of an item? Rebate
It is hard for identity thieves to steal any identity in today’s society. False
Experts recommend that you time your purchases to what, if possible? Sales
What advertising technique focuses on the positive and ignores any negative aspects in the product? Card Stacking
Smaller bags of items are generally lower priced per unit than larger bags. False
One of the first steps that you can take is to place a fraud alert on your credit reports from Equifax, Experian, and TransUnion. True
Which of the following issues credit reports? Equifax
The Glittering Generalities technique involves using appealing words to sell the product. True
In order for ads to be effective, what is the first thing that they must do? Be seen and get the attention of consumers
Advertisements are paid for by whom? Sponsors

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