Question 1

A(n) ____________________ dilemma involves a situation that makes a person question what is the right or wrong thing to do.

Accepted Answer

The answer of A(n) ____________________ dilemma involves a situation that...

Question 2

Check ____________________ requires opening accounts at two or more banks and using the "float time" of available funds to create fraudulent balances.

Accepted Answer

The answer of Check ____________________ requires opening accounts at two...

Question 3

What is identify theft?

Accepted Answer

The answer of What is identify theft?...

Question 4

A computer program that monitors and limits incoming and outgoing online transmissions is called a(n) ____________________.

Accepted Answer

The answer of A computer program that monitors and limits...

Question 5

A(n) ____________________ of interest occurs when two interests are at cross-purposes.

Accepted Answer

The answer of A(n) ____________________ of interest occurs when two...

Question 6

Purposefully writing checks on closed accounts is called ____________________, or closed account fraud.

Accepted Answer

The answer of Purposefully writing checks on closed accounts is...

Question 7

Which act of Congress places restrictions on loans by corporations to their executives?

Accepted Answer

The Sarbanes-Oxley Act of 2002 places restrictions on loans by corporations to their executives in order to prevent conflicts of interest and financial misconduct.

Question 8

An online criminal deposits $10,000 into a victim's account, telling the victim to send $9,500 to a third party. The victim supposedly gets to keep $500 as a "transaction fee." The criminal quickly cancels the initial deposit, though. If the criminal gets 14 people to agree to this scam, how much money has been stolen?

Accepted Answer

The answer of An online criminal deposits $10,000 into a...

Question 9

How should surveillance cameras be positioned in a bank for maximum effectiveness?

Accepted Answer

The answer of How should surveillance cameras be positioned in...

Question 10

What is the difference between check forgery and check counterfeiting?

Accepted Answer

The answer of What is the difference between check forgery...

Question 11

____________________ is the act of sending a user an e-mail falsely claiming to be a legitimate enterprise in an attempt to solicit private information.

Accepted Answer

The answer of ____________________ is the act of sending a...

Question 12

Shady Sam robbed three banks last week: In one heist, he got away with $2,500; in the second, he netted $5,600; the third robbery was worth $4,350. After he was caught, police were able to recover 90 percent of the loot. Sam had spent the rest. What was the dollar amount of the stolen money that was NOT recovered?

Accepted Answer

The answer of Shady Sam robbed three banks last week:...

Question 13

____________________ is a deception deliberately practiced to secure unfair or unlawful gain.

Accepted Answer

The answer of ____________________ is a deception deliberately practiced to...

Question 14

A bill ____________________ is a device that sets off a security system when a bill or switch is pulled.

Accepted Answer

The answer of A bill ____________________ is a device that...

Question 15

The Second National Bank has just been robbed. What should bank employees do with the demand note left behind by the robber? Why?

Accepted Answer

The answer of The Second National Bank has just been...

Question 16

John and William are opening a restaurant together. William also works as a business loan officer at a local bank. John has applied to William's bank for a business loan for the restaurant, and William is responsible for approving the loan. This is a clear example of a

Accepted Answer

This is a clear example of a conflict of interest, as William's personal involvement in the restaurant project creates a potential bias in his decision-making process as a loan officer.

Question 17

An electronic warning placed on your accounts to monitor for suspicious financial activity is called a(n) ____________________.

Accepted Answer

The answer of An electronic warning placed on your accounts...

Question 18

The new $20 bill design includes a(n) ____________________, a faint image similar to the large portrait. It is part of the paper itself and is visible from both sides when the bill is held up to the light.

Accepted Answer

The answer of The new $20 bill design includes a(n)...

Question 19

Jerry's Garage accepted $700 in counterfeit bills for a repair job. The company's insurance policy covers losses from counterfeit money up to $1,000 with a $250 deductible. What is the out-of-pocket loss experienced by Jerry's Garage?

Accepted Answer

The answer of Jerry's Garage accepted $700 in counterfeit bills...

Question 20

A(n) ____________________ barrier is a bulletproof plastic shield that can be positioned in front of each teller's station. It acts as a safety device.

Accepted Answer

The answer of A(n) ____________________ barrier is a bulletproof plastic...

Quiz 11: Security, Fraud, and Ethics