Spot a Personal Loan Scam Quiz Results #1. What is the primary aim of the guide mentioned in the article? Outlining investment opportunities Outlining investment opportunities Identifying potential scams Identifying potential scams Explaining credit card usage Explaining credit card usage Discussing financial regulations Discussing financial regulations Exploring online banking options Exploring online banking options Next#2. According to the article, what is the interest rate typically associated with personal loans? 5% 5% 10% 10% 14% 14% 20% 20% 25% 25% Next#3. Which of the following is NOT a common purpose for which personal loans are used, as mentioned in the article? Home renovation Home renovation Debt consolidation Debt consolidation Medical expenses Medical expenses Education expenses Education expenses Vacation expenses Vacation expenses Next#4. Which organization received over 1.1 million fraud reports last year, as per the article? Federal Reserve Federal Reserve Federal Bureau of Investigation (FBI) Federal Bureau of Investigation (FBI) Federal Trade Commission (FTC) Federal Trade Commission (FTC) Internal Revenue Service (IRS) Internal Revenue Service (IRS) Securities and Exchange Commission (SEC) Securities and Exchange Commission (SEC) Next#5. What is the primary characteristic of cloud-based personal loan scams? High interest rates High interest rates Collateral requirement Collateral requirement Minimal documentation Minimal documentation Upfront fees Upfront fees Multiple loan options Multiple loan options Finish
