You Can Monitor and Protect Your Financial Data in All

question 963

Multiple Choice

You can monitor and protect your financial data in all of the following ways EXCEPT _____.

• A) Being cautious about what information you post on social networking sites.
• B) Storing financial information in an unsent email message.
• C) Querying unfamiliar purchases found on your bank statements.
• D) Shredding financial documents before you discard them.

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Definitions:

Discount Rate

The rate at which the Federal Reserve lends money to financial institutions through its discount window.

Bond Prices

The market price at which a bond is traded, influenced by factors such as interest rates, the credit rating of the issuer, and the bond's maturity period.

Interest Rates

The share of a loan attributed to interest charges to the borrower, regularly described as an annual percentage of the remaining loan balance.

Thrift Institutions

Financial institutions, such as savings banks and credit unions, that primarily accept savings deposits and make loans to consumers.