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Scores have been falling on tests that measure high schoolers' financial literacy. Would you ace this...
...about sales taxes? A. The national sales-tax percentage rate is 6% B. The Federal Government will deduct it from your paycheck C. You don't have to pay the tax if your income is very low D. It makes things more expensive for you to buy 42% of high school seniors answered this question correctly
...have caused an accident, which type of automobile insurance would cover damage to your own car? A. Comprehensive B. Liability C. Term D. Collision 37% of high school seniors answered this question correctly
...power of a family's savings in the event of a sudden increase in inflation? A. A 10-year bond issued by a corporation B. A certificate of deposit at a bank C. A 25-year corporate bond D. A house financed with a fixed-rate mortgage 36% of high school seniors answered this question correctly
...gifts and want to put it away for the baby's education. Which of the following tends to have the highest growth over periods of time as long as 18 years? A. A checking account B. Stocks C. A U.S. government savings bond D. A savings account 17% of high school seniors answered this question correctly