U.S. teens are so-so at financial literacy

Most U.S. 15-year-olds don’t understand personal finance issues such as taxes, loans or savings, according to an international test of financial literacy.

U.S. students were about average on the Program of International Student Assessment (PISA) assessment. Shanghai-China students showed the most financial savvy, followed Belgium (Flemish), Estonia, Australia, New Zealand, the Czech Republic and Poland.

Students did not do better in countries that teach financial literacy in school.

Sample questions are here. The shares question is “level 3″ out of 5.

This graph shows the price of one Rich Rock share over a 12-month period.
Financial graph

Which statements about the graph are true?

Statement Is the statement true or false?
The best month to buy the shares was September.
The share price increased by about 50% over the year.

 

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Comments

  1. Michael E. Lopez says:

    AAAAAAGGGGGGHHHHHHHHH!!!!!!!!!!!!!!!!!!!!

    (head explodes)

    What sort of blithering, neolithic idiot puts words like “about” in a TRUE AND FALSE question?

    Someone (probably with a degree in psychometrics) designed this question.

    Which means that there’s someone out there who gave this moron a degree.

    We must find that person and crucify them, before they produce any more people like this.

    • GoogleMaster says:

      I see your “AAAAAAGGGGGGHHHHHHHHH!!!!!!!!!!!!!!!!!!!!” and raise you a few RRRRs.

      “The share price increased by about 50% over the year.” By “over the year”, do they mean “over the year from June to May, the entire period shown in the graph, the share price increased by 50%” or do they mean “you can find a period in the year over which the share price increased by 50%”?

      If the former, then false, because the share price in June was about 2.00 and the share price the next May was about 2.50, a 25% increase.

      If the latter, then true, because the share price in September was about 1.70 and the share price in March was about 2.60, a ~53% increase.

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