ECONOMICS (CBSE/UGC NET)

ECONOMICS

CREDIT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How can you protect yourself against credit card fraud?
A
Get a co-signer who will be held responsible for the repayment.
B
Be extremely careful about disclosing account information to unsolicited callers.
C
Open a checking account and make regular deposits.
D
Give your PIN number to your friend and family.
Explanation: 

Detailed explanation-1: -Going for ‘zero liability’ cards. Having stronger passwords. Looking in advance for security features. Monitoring your credit accounts. Signing up for transaction alerts. Securing your information. Investing in anti-fraud services. Avoiding the use of credit cards in public places. More items

Detailed explanation-2: -Keep your credit cards safe. Store your cards in a secure wallet or purse. Don’t allow websites to “remember” your card number. Be wary when shopping online. Report lost or stolen cards immediately. Review your monthly bill.

Detailed explanation-3: -Contact your card issuer. If you still have the card, look on the back for a toll-free number. Contact a credit bureau. File an FTC complaint.

There is 1 question to complete.