Question

when one is inspecting a banking or credit statement and discovers several charges they did not make, the individual is most likely a victim of what?
a. high service fees
b. identify theft
c. preemptive payments
d. unethical sales practices
which of the following allows a customer to pay a deposit on an item, and then not receive the item until the balance is paid in full?
a. credit card
b. incremental investing
c. layaway plan
d. purchase payment

Explanation:

First Question

• Option a: High service fees are known charges by the bank, not unauthorized charges.
• Option b: Identity theft involves someone using another's identity to make unauthorized transactions, matching the scenario of unknown charges.
• Option c: Preemptive payments are planned payments, not unauthorized.
• Option d: Unethical sales practices relate to sales, not unauthorized banking charges.

• Option a: A credit card is for borrowing to pay, not for depositing and paying later for an item.
• Option b: Incremental investing is about investing over time, not for purchasing items.
• Option c: A layaway plan involves paying a deposit and then paying the balance to receive the item, which matches the description.
• Option d: (Assuming "Purchase payment" is a typo, but) It does not fit the deposit - pay - later - receive - item structure.

Answer:

b. Identify theft

Second Question