WorksheetsEcon Club - Fraud
Total questions: 12
Worksheet time: 7mins
How much money did consumers report losing to fraud in 2022, in USD?
5 Billion
8.8 Billion
11.8 billion
9.5 Billion
What is the most common form of fraud in the United States?
Cheating on Exams
Consumer Fraud
Identity Theft
Check Kiting
True or False – The United States has seen a significant increase in Fraud since the beginning of the Covid-19 Pandemic?
True
False
In a 2017 survey, the Federal Trade Commission found that ____% of the United States population were victims of fraud?
25%
43%
~16%
5%
True or False – The first incidence of fraud was recorded in 300 BC, in Greece, when a merchant would sink empty ships to claim insurance money for the ship and the cargo on board.
True
False
True or False – Enron, an energy trading company, created artificial power shortages in California to generate a profit?
True
False
Fraud is ___
a promise that something will or will not happen in the future.
A good thing.
wrongful or criminal deception intended to result in financial or personal gain.
Joseph's favorite topic
a bookkeeping mistake in a large company.
What is the MOST RECENT large-scale Fraud scandal in the US?
Sam Bankman-Fried
"FTX"
Bernard L. Madoff
"Securities"
Volkswagen
"Emissions"
Wells-Fargo
"Cross-selling"
What is the LARGEST Fraud scandal in the US?
Sam Bankman-Fried
"FTX"
Bernard L. Madoff
"Securities"
Volkswagen
"Emissions"
Wells-Fargo
"Cross-selling"
Which age group is more susceptible to fraud?
Under 18
18-34
34-55
55+
Which age group loses the most money to fraud?
Under 18
18-34
34-55
55+
What is the biggest economic implication of fraud?
Dampens economic growth.
Creates a net loss for the economy.
Missed investments
Lowers economic activity
