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
2015-08-26
28
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.
Which of the following may serve as the best title of the passage?
选项
A、Increasing Financial Literacy
B、Avoiding Taking on More Debt
C、Improving Financial Education
D、Knowing More about Finance
答案
A
解析
主旨题。全文主要围绕一项关于高中开展金融知识教育的研究,指出合理设置课程,提高学生金融方面的知识和能力,对未来避免过多负债十分重要,这与[A]所说的提高金融能力相符合,故为答案。
转载请注明原文地址:https://kaotiyun.com/show/LMXK777K
0
专业英语四级
相关试题推荐
WhichofthefollowingsentencesisINCORRECT?
TheUnitedStatesisatypicalcountry
Meetingroomsofvarioussizesareneededfor
Wherearethetouristsfrom?
Thecompanypurchasedseveralcomputersprogrammedto______thespecifictasksrequired.
Afterseveraldaysofisolationonthedesertedisland,thesailorbeganto______ofevergettingbackhome.
Whichofthefollowingbestexplainsthemeaningof"Shallwebuytheticketsfirst"?(2012)
Oftencalledtheintellectualleaderoftheanimalrightsmovement,Regan"istheforemostphilosopherinthiscountryinthefi
Thelifeoflivingindormitoryisquitedifferentfromthatoflivingathome.Howtokeepaharmoniousrelationshipwithroomm
______touchinginO’Henry’sstoriesisthegallantrywithwhichordinarypeoplestruggletomaintaintheirdignity.
随机试题
所有联网计算机都共享一个公共信道的网络是()
Someareas,_________theirsevereweatherconditions,aresparselypopulated.
A.pH=3.5~4.5B.pH=5.5~6.5C.pH=6.5~7.0D.pH=7.5~8.5E.pH=9.0~10.0pH在何范围内,戊二醛会迅速聚合,杀菌作用消失
男性,22岁。既往有HbsAg阳性史。10天前无诱因发热,体温逐渐上升,波动于37.5~39℃,近3天体温持续在38.5~39.5℃不降,伴有食欲不振、乏力、腹胀及尿黄。查体:T39.5℃,P88次/分,BP110/70mmHg,神清,表情淡漠,未见皮疹,
注册建造师需要增加执业专业时,应按规定申请专业增项注册。增项注册应提交拟增项专业的()。
关于燃油、燃气锅炉房机械通风量的确定方法,错误的是()。
下列关于企业所得税前亏损弥补的表述中,不正确的有()。
三大战役指1948年9月12日一1949年1月31日,中国人民解放军同国民党军进行的战略决战的三大战役是()。
已知n维向量的向量组α1,α2,…,αs线性无关,则向量组α’1,α’2,…,α’s可能线性相关的是()
SuggestionsforImprovingLibrary’sServiceWritealettertoyouruniversitylibrary,makingsuggestionsforimprovingits
最新回复
(
0
)