The importance of account alerts Quiz

1. What is the primary purpose of setting up account alerts?

A. To increase transaction speed B. To safeguard against financial fraud C. To reduce bank fees

2. Which types of accounts should have alerts enabled according to the article?

A. Bank accounts, credit cards, and online payment platforms B. Only bank accounts C. Only investment accounts

3. What is a potential consequence of not setting up account alerts?

A. Increased interest rates B. Delayed detection of fraud C. Faster transaction processing

4. How can account alerts help prevent identity theft?

A. By notifying you of new account openings or credit inquiries B. By automatically closing unauthorized accounts C. By increasing your credit score

5. What type of fraud involves unauthorized withdrawals or purchases due to skimming devices?

A. Phishing scams B. Card skimming and cloning C. Transaction fraud

Submit Answers