Online Money Making Risks

Name:

Date:

📚 Part 1: Multiple Choice (choose one)

1. Which is a consumer right when buying goods online in the UK?

A full refund if the item is faulty or not as described

No refund ever, even if the item is broken

The seller can change the price after you pay

2. Which action is a seller responsibility when a buyer reports a non-delivery?

Investigate, provide tracking or offer a refund if appropriate

Permanently block the buyer with no explanation

Ask the buyer to post on social media instead of resolving it

3. Which is a common sign of an online money-making scam or fake job?

Being asked to pay money up front for "training" or equipment

Being asked to provide a CV and references

Being offered an interview over video call

4. Which statement about cryptocurrencies is correct?

Crypto is often very volatile and lacks the same consumer protections as card payments

Cryptocurrencies are insured by UK banks like standard deposits

Prices of all cryptocurrencies are fixed by the government

5. Which step helps reduce risk when selling items online?

Keep proof of postage, use tracked delivery and keep records of communication

Always meet buyers in private locations at night

Refuse to answer buyer questions about condition or delivery

6. Explain briefly: What is a chargeback and when might a buyer use it?

7. List three practical steps you would take before buying from a new online seller to reduce risk.

8. Give one example of a risk specific to cryptocurrencies and one simple way to reduce that risk.

9. You see a job advert asking for your bank details to "set up payments" before any interview. What three actions should you take right now?

10. Describe one consumer right and one seller responsibility when buying or selling digital goods (e.g. downloads, game items).