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The Ultimate Online Bill-Paying Quiz
by Staff
Is it safe to pay your bills online? Does it save you any money? And how can you protect your privacy? Test your knowledge of these questions by taking this quiz.

What is one advantage of the online system for paying bills?

  • You can save money.
  • You can track debits in real time.
  • You can pay faster.

How many people pay at least one bill online?

  • over 20 million worldwide
  • over 40 million worldwide
  • over 60 million worldwide

Of all payments not paid in cash, what proportion is paid online?

  • one quarter
  • two thirds
  • three quarters

What effect could paying electronically have on our environment?

  • It could restore ozone depletion.
  • It could reduce pollution.
  • It could save millions of trees annually.

What do researchers say regarding the likelihood of identity theft through online payments?

  • A thief is just as likely to steal from your mailbox as he is to hack into your computer.
  • A thief will more likely hack into your computer than steal a bill from your mailbox.
  • A thief will more likely steal a bill from your mailbox than hack into your computer.

Is it safer to pay online bills from home?

  • Yes, much safer.
  • Not really -- it doesn't make any difference.
  • No, not at all.

What safety measures do the main Internet browsers, Opera, Mozilla Firefox and Internet Explorer, have?

  • They have encrypted connections as well as warnings for suspicious sites.
  • They have fire extinguishers and smoke alarms.
  • They have constant code verifications as well as assurances of privacy protection.

To protect against phishing, what is the recommended frequency for changing your finance passwords?

  • every two months
  • every six months
  • every 12 months

What do the letters EBPP stand for?

  • Electronic -- Be Prompt and Pay up
  • Electronic Bill Payment and Presentment
  • Emailed Bill Placement and Payment

What kind of fees can you expect to be charged for online payment?

  • none at all
  • nominal, if any
  • one dollar for every transaction

What does a secure URL look like, which indicates its degree of safety?

  • It starts with the letters "https."
  • It starts with the letters "httpp."
  • It starts with the letters "shttp."

How can you locate a Web site's security certificate?

  • by doing an online search
  • by contacting them by email
  • by clicking on the padlock icon

Why would a person want to set up automatic bill payments as opposed to paying them manually?

  • in order to know where their money is going to
  • because it saves many clicks of the mouse
  • so as not to risk a late payment

What happens if you opt for automatic online payments, but there aren't enough funds in your account to cover them?

  • The bills won't get paid.
  • You go into overdraft and have to pay fees on that.
  • You get an automatic pop-up asking if you still want to perform the transaction.

In what way would you save money if you paid online?

  • You'd save on stamps, envelopes, checks, etc.
  • You'd get a small refund on your payment as an incentive to pay electronically.
  • You'd save on gas and electricity.

What idea did American Express come up with in 2000 to combat identity theft?

  • an online-fraud detective service
  • a no-hack Web site
  • a disposable transaction number

Which of these are fairly secure online payment services?

  • ePostMe and Post Me Later
  • eBillMe and Bill Me Later
  • ePayMe and Pay Me Later

What is the colloquial name for PayPal?

  • virtual wallet
  • cash online
  • online wallet

What is the potential danger in downloading free anti-spyware?

  • It might actually contain spyware that tracks your online activity.
  • It might not really be for free.
  • It has limited use.

How does the U.S. federal law protect the credit cardholder where there's suspicion of fraudulent activity?

  • A new credit card is issued to protect the honest cardholder.
  • Payment can be withheld until the case is resolved.
  • Payment can legally be refunded if fraudulent activity is proven.