Question

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Explanation:

Identify the described concept

The text describes a fraudulent activity: "occurs with electronic communication such as e-mail or text messaging to acquire passwords". This is the standard definition of phishing.

Connect to financial literacy

Using Financial Literacy concepts, phishing is a common method used by identity thieves to steal sensitive personal and financial information.

Formulate the final answer

The term that matches the description of using deceptive emails or text messages to acquire passwords and sensitive information is phishing.

Answer:

Phishing