How Can You Protect Your Information When Using Social Media

question 22

Multiple Choice

How can you protect your information when using social media?

• A) Make sure you have your credit or debit card linked to your social media account.
• B) Use the same password and username for your social media that you use for your online banking account.
• C) Have your security information marked public on your social media account.
• D) Accept friend requests from people you want to be friends with.

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Definitions:

Central Banks

National banks that provide financial and banking services for a country's government and commercial banking system, mainly responsible for monetary policy.

Fixed Exchange Rate

A rate of exchange that is set in some way and therefore prevented from rising or falling with changes in currency supply and demand.

FX Reserves

Foreign exchange reserves, assets held on reserve by a central bank in foreign currencies, used to back liabilities on their own issued currency as well as to influence monetary policy.

Foreign Investment

The investment of capital by individuals, firms, or governments in business interests located in another country.