How Do Some Identity-Theft Victims Want Financial Institutions to Do

question 26

Multiple Choice

How do some identity-theft victims want financial institutions to do a better job of preventing and detecting identity theft?

• A) improve authentication measures (for example, photos on credit cards)
• B) more thorough identification procedures by employees during credit transactions
• C) better monitoring of account activity and notification of irregularities
• D) all of the choices are correct

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Definitions:

Textile Industry

A sector of the economy focused on the production of yarn, cloth, and clothing, and the various processes involved in the manufacture of textiles.

Economic Policy

Strategies and decisions made by governments and central banks to influence the economy, including fiscal policy, monetary policy, and regulatory measures.

Producers Better Off

A condition where producers experience an improvement in profitability or market position, often due to increased demand or reductions in costs.

Consumers Worse Off

A situation where consumers experience a decrease in their purchasing power or overall economic well-being.