Ben Bernanke's Financial Literacy Quiz
Ben Bernanke, Chairman of the Federal Reserve, spoke as the release of data from a study on the financial literacy of high-school students indicated that knowledge of the subject is deteriorating. High school seniors, on average, answered correctly only 48.3% of questions about personal finance and economics. That was even lower than the 52.4% in the previous survey in 2006 and marked the worst score out of the six surveys conducted so far.
The Fed chairman said he believes more states should consider making a personal-finance class a requirement “for all students who seek a high school diploma.” He noted that only eight states now require a personal finance class as a graduation requirement. –Phil Izzo
You can take the Fed’s quiz below
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