首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Taking on debt is one of the most important economic decisions a person can make. Borrowing to invest in education can yield a l
Taking on debt is one of the most important economic decisions a person can make. Borrowing to invest in education can yield a l
admin
2015-04-29
70
问题
Taking on debt is one of the most important economic decisions a person can make. Borrowing to invest in education can yield a large return. However, debt is a risky endeavour, and can carry a high cost if it is not promptly repaid. Compound interest can amplify even small periods of delinquency, leading to lower incomes, scarred credit ratings, even bankruptcy. Yet those who take on the most debt are the young, people who need to make large investments in education and housing, but who generally lack any experience with financial matters. Fortunately, new research shows that courses in finance at school can help solve this predicament(困局,穷境), reducing the harmful repercussions(反响)from taking on too much debt later in life.
The authors study the impact of a large scale expansion of finance-related courses in US high schools. In 1999, mandatory teaching of economics and financial literacy was minimal. Illinois was the only state which had a compulsory course on financial literacy, and only 10 states ensured that their students covered basic economics. However, over the subsequent decade the majority of states introduced compulsory courses in these areas, including extending the sequence of mathematics classes each student must take to graduate. To measure the impact of financial education, the authors tracked each group of students which were forced to take these subjects and compared their subsequent interactions with debt using the New York Federal Reserve’s Consumer Credit Panel.
The authors found that increased education about financial concepts broadly lowered the rates of bankruptcy among former students. It also led to a delay in the purchase of their first house(a risky investment at the best of times). Perhaps unsurprisingly, they also found that the effects of education varied according to which subjects were taught. Increasing education in mathematics and finance improved debt outcomes later in life. Students were less likely to be declared bankrupt and more likely to repay their debt on time, although these effects faded with age. Curiously, the introduction of an economics course led to higher debt burdens, with increased rates of delinquency later in life. The authors speculate that this may be because learning about economics provides students with a false sense of confidence(a trait not uncommon amongst professional economists): demystifying(阐明,启发)the debt market enough to encourage participation, but not providing enough detail to warn of the potential dangers. This makes sense as introductory economics largely avoids topics such as compound interest and repayment plans, which are critical to understanding how debt works.
The benefits of an education in economics aside, the study ultimately highlights the importance of understanding the basics of personal finance—a respect of life that everybody must engage with. As this research confirms, those who understand interest earn it: those who don’t, pay it.
The rapid expansion of finance-related courses may indicate______.
选项
A、the profound influence of financial affairs
B、the highlighted necessity of financial education
C、students’ increasing confidence about finance
D、high schools’ deep concern about students’ life
答案
B
解析
推断题。根据题干关键词定位至第二段。根据该段首句可知,金融相关课程在美国的高中扩展很快,而该句是顺应上段末句中提出的高中金融课程可减少学生今后的负债压力,本文的最后一段首句也再次强调了了解个人金融事务基础的重要性,由此可以推知,金融课程迅速开展就是因为人们认识到了金融教育的重要性,故[B]为答案。
转载请注明原文地址:https://kaotiyun.com/show/3aHK777K
0
专业英语四级
相关试题推荐
Patientsanddoctorshavelongunderstoodthepoweroftellingandlisteningtopersonalnarratives.Whetheramongpatientsinp
Asteachersweshouldconcernourselveswithwhatissaid,notwhatwethink______
Stepinsideourstoreforawidevarietyofpersonalized______productsforbusinessandpersonal.
WhathappenedinLondonafewmonthsago?
Fatcannotchangeintomuscle______musclechangesintofat.
WhichofthefollowingitalicizedpartisINCORRECT?
ThereasonwhyIleftbeforethemeetingendedwas________________Iwasboredbythelengthyspeeches.
Allhercousinsandtheirchildrenhavefairhair.Theunderlinedpartmeans______.
It’shightimethatyou______working.
Whenisthehand-indate?
随机试题
以下不属于手提式水基型灭火器的优点是
患者,男性,65岁,主因咳嗽、咳痰10年,加重伴痰中带血4个月入院。吸烟30余年,20支/d。查体:右肺呼吸音粗,散在细湿啰音。有慢性支气管炎病史10年,无高血压、糖尿病病史。如患者经过纤维支气管检查后,确诊为右上肺腺癌,评估手术适应证,需要进行下列哪
A.TI—AgB.完全抗原C.抗原决定簇D.隐蔽抗原E.共同抗原既有免疫原性又有抗原性的物质是()
在群桩设计中,桩的布置使群桩中心与()的重心尽可能重合,
依据宪法制定机关的不同,可以将宪法分为()。
我国宪法规定,公民有受教育的()。
记得有一位诗人说过这样的话:诗人要做诗,犹如植物要开花,因为他非开不可的缘故。_______你摘去吃了,________中了毒,也是你自己错。
"Inthelongrun,"asJohnMaynardKeynesobserved,"wearealldead."True.Butcanthe【1】runbeelongatedinawaythatmakes
软件测试用例包括()。
YoucanprobablyeatChinese,Italian,andIndianfood______.ThechildrenWhoWanttolearnexcitingdancescangoto______on
最新回复
(
0
)