Credit Cards Make You Less Susceptible to Identity Theft

question 43

True/False

Credit cards make you less susceptible to identity theft.
Identity thieves may use your credit card number to make purchases, open new credit card accounts in your name, open new phone accounts, or even rent a house in your name.

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Definitions:

Minerals

Naturally occurring, inorganic substances with a definite chemical composition and crystalline structure.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since its acquisition, reflecting its use and wear over time.

Initial Cost

The first financial outlay required to acquire an asset or start a project, including all necessary expenses to make it operational.

Gain Or Loss

A financial result that occurs when the selling price of an asset differs from its cost or adjusted basis.