Day 89

Lesson Objectives

  • Evaluate and refute the myths associated with debt.

Assignment CU1.8

  1. Watch Video 1.3
  2. As you watch the video, record the missing words from pages 79-81 of the textbook as they pop up on the left side of the video screen by filling in this form.  (pages 79-81) .
  3. Discussion Questions:
    1. How does a relationship change to master/servant when you lend money to someone else?
    2. Explain why cosigning a loan for a friend or relative is never a good idea.
    3. What is predatory lending?  Who are predatory lenders preying on?
    4. What is the difference between broke people and poor people?
    5. Why are people drawn to predatory lending companies?
    6. How is your level of education connected with whether you play the lottery or not? ($173 vs $49)

Assignment CU1.9

  1. Make a copy of this Google Document (Espanol), move it into your Lesson 1 folder, and name the file Reality of Cash Advances-(Your Initials).
  2. Working with your same partner as Day 87, read and follow the instructions within the document to complete it.

Assignment CU1.10

  1. After completing the assigned tasks in Lesson 1 above, share your Lesson 1 folder with your teacher.  You should have the following files in your folder prior to sharing it:
    • Public Service Announcement
    • Cost of Credit
    • Credit Vocabulary
    • Credit
    • Reality of Cash Advances

Lesson 1 Quiz-CU

  1. Complete the Lesson 1 Quiz for the Credit Unit.