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LifeSmarts U Personal Finance Lesson
Budgeting: Way, No Way Worksheet
Question
Directions: Answer the following discussion questions after you watch the PowerPoint presentation.
Answer the
questions as
you view the
Power Point
After you finish the Fact or Fake Out PowerPoint Presentation discuss
the following questions and record your answers in the spaces provided.
1
 Fact
or
 Fake Out
2
 Fact
or
 Fake Out
3
 Fact
or
 Fake Out
4
 Fact
or
 Fake Out
5
 Fact
or
 Fake Out
How do faked/forged checks and money orders harm the consumer?
6
 Fact
or
 Fake Out
How do they harm the marketplace?
Total Correct page 1--
How much do most Americans understand about the money systems they use every
day? Explain your answer.
LifeSmarts U Personal Finance Lesson
Budgeting: Way, No Way Worksheet
7
 Fact
or
Explain the terms “fund availability,” “cleared,” and “collected.”
 Fake Out
8
 Fact
9
 Fact
10
 Fact
or
 Fake Out
or
 Fake Out
or
 Fake Out
11
 Fact
12
 Fact
13
 Fact
or
 Fake Out
or
 Fake Out
or
 Fake Out
Total Correct page 2--
Do you think young adults are more or less aware of fraud than their parents?
Explain your answer.
LifeSmarts U Personal Finance Lesson
Budgeting: Way, No Way Worksheet
14
 Fact
or
 Fake Out
15
Formulate an argument for and against privacy laws being changed to require
Internet service providers to reveal personal information about their users upon
request.
 Fact
or
 Fake Out
16
 Fact
17
 Fact
18
 Fact
or
 Fake Out
or
 Fake Out
or
 Fake Out
19
 Fact
20
 Fact
or
 Fake Out
or
 Fake Out
21
 Fact
or
 Fake Out
Total Correct page 3--
Describe an email you received that you suspect was spam or phishing. What were
the clues?
LifeSmarts U Personal Finance Lesson
Budgeting: Way, No Way Worksheet
22
 Fact
23
 Fact
24
 Fact
or
 Fake Out
People joke that anyone should be able to spot a “con.” What are the reasons so
many people get “conned” in spite of this perception?
or
 Fake Out
or
 Fake Out
Explain three things you learned during this presentation.
Total Correct page 4--
Grand Total Correct --