You Had Used an Online Service to Apply for a Credit

question 53

Multiple Choice

You had used an online service to apply for a credit card. As part of the process, you submitted your personal information such as SSN, date of birth, employer information, etc. Soon after you started receiving bills for items you did not purchase. You have become a victim of ________.

• A)​cyberterrorism
• B)​ransomware
• C) identity theft
• D) cyber espionage

Identify and explain the process of attribution in understanding social behavior.

Analyze the impact of poverty on stress and overall well-being.

Understand the phenomena of conformity and group influence, including the work of Solomon Asch.

Distinguish between within-group and between-group conflicts with an understanding of the realistic conflict theory.

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Definitions:

Proprietary Trading

When a firm trades stocks, bonds, currencies, commodities, derivatives, or other financial instruments with its own money, rather than its clients' money, for its own profit.

Hedge Funds

Investment funds that use various strategies to earn active returns for their investors, often employing leverage and derivatives.

Mortgage Market Meltdown

A significant downturn in the mortgage market, often resulting from a large number of loan defaults and the devaluation of mortgage-backed securities.

Securitization

The process of transforming illiquid assets into a tradable form by converting them into securities.