Under the Identity Theft and Assumption Deterrence Act of 1998

question 67

Multiple Choice

Under the Identity Theft and Assumption Deterrence Act of 1998, the _____ is assigned responsibility to help victims restore their credit and erase the impact of the imposter.

• A) Federal Bureau of Investigation (FBI)
• B) Federal Trade Commission (FTC)
• C) Securities and Exchange Commission (SEC)
• D) Department of Justice (DOJ)

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Definitions:

Contingent Liability

A potential financial obligation that may arise in the future depending on the outcome of a specific event.

Remote

Pertaining to work or activities done away from a central office or location, often implying the use of technology to facilitate communication and task completion.

Estimable

The ability to be estimated or quantified, often used in contexts where financial figures or outcomes need to be projected or approximated.

Quick Ratio

A measure of liquidity that calculates a company's ability to cover its short-term liabilities with its most liquid assets.