If You Are a Victim of Identity Theft, You Only

question 6

True/False

If you are a victim of identity theft, you only need to notify one of the three credit reporting companies as that company will notify the others. ​

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Definitions:

Liability

An obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer of assets, provision of services, or other yielding of economic benefits in the future.

Asset

Any resource owned or controlled by a business or individual that is expected to produce positive economic value or future benefit.

Lower Deficit

A reduction in the amount by which a government's spending exceeds its revenue.

Raise Taxes

The act of increasing the amount of money the government requires citizens or businesses to pay on their income, property, or purchases.