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4/11/2008
An April 9, 2008 article from The Washington Post reports that, based on survey results recently released from the Federal Reserve, the average high school student can correctly answer less than half of the questions asked about economics and personal finance. Experts, including Federal Reserve Chairman Ben Bernanke, believe young adults need to better develop their knowledge of finances in order to succeed in an increasingly complex economy as they grow older. College students who were surveyed answered more than 60% of the questions correctly.
The article is available at the Web site of The Washington Post.
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