Question 1 (1 point)
What is the difference between a Pyramid Scheme and a Multi-Level Marketing (MLM) company?


a. A pyamid scheme is legal whereas a MLM company is illegal

b. A pyramid scheme does not sell a product whereas a MLM company does

c. A pyramid scheme sells an actual product whereas a MLM company does not

d. There is no difference between a pyramid scheme and a MLM
Question 2 (1 point)
What is a "pump and dump" scam?


a. A scheme which pools investors’ money together but only a small percentage of the pool is actually invested

b. A scheme that attempts to boost the price of a stock through recommendations based on false or misleading statements

c. A scheme where an investor collects your money for investment but never actually makes a purchase and instead keeps the money for themselves

d. A scheme that attempts to beat the overall market's return by investing in high-cost index funds
Question 3 (1 point)
What is phishing?

a
Phishing is a business model that recruits members via a promise of payments or services.
b
Phishing is a fraudulent attempt to obtain sensitive information such as usernames, passwords and financial information via electronic communication.
c
Phishing is a fraudulent attempt to take over or delete your presence on social media.
d
Phishing is a fraudulent attempt to deposit funds into an FDIC insured bank account for later use.
Question 4 (1 point)
You receive a call from a company that tells you that there is a problem with your order or account. What should you do?

a
Answer any questions they have and allow them to fix the issue
b
Hang up and call the official number of the company
Question 5 (1 point)
You should be careful anytime you scan a QR code.

True
False
Question 6 (1 point)
If you are scammed and pay someone money, you should contact your bank immediately and try to reverse the charge.

True
False
I will give you 70 points I need this in 5 mins