The Elderly Are Vulnerable Not Only to Crime, but Also

question 21

Multiple Choice

The elderly are vulnerable not only to crime, but also to scams. The best advice to give an elderly person in avoiding scams is to:

• A) travel with a group.
• B) hang up when a timesharing agent calls.
• C) lock windows at night.
• D) consider getting a pet for protection.

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Definitions:

Monthly Mortgage

A regularly scheduled payment that often includes both interest and principal, made by a borrower to a lender for the repayment of a home loan.

Interest Rate

The percentage rate that is paid by a bank on money that is in some accounts.

Monthly Payment

A specified amount of money paid at regular monthly intervals, typically associated with loans or installment purchases.

Quoted Interest Rate

The interest rate that a lender offers to a borrower for a loan, not accounting for compounding or additional fees.