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
81
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 statements would the author most likely agree with?
选项
A、Economics course misleads students with false financial concepts.
B、Students shouldn’t be encouraged to participate in the debt market.
C、The high schools should stop teaching introductory economics.
D、Only with more rational design can economics course be helpful.
答案
D
解析
推断题。作者在第三段中讨论到有些课程由于不合理地误导了学生而产生了负面影响,可见高中金融课程只有进行合理设置才能帮助学生,故[D]为答案。
转载请注明原文地址:https://kaotiyun.com/show/RaHK777K
0
专业英语四级
相关试题推荐
TherecentannouncementthatGPs(全科医生)maysendpatientswithdepressionawaywiththesuggestionthatthey(1)_____a"mood-enhan
Ididn’tgotothepartylastnight,because______,Ichangedmymind.
Whichofthefollowingistheclosesttotherecordnumberofconsumercomplaints?
Thedeanofourdepartmentissupposed______forFlorencethedaybeforeyesterday.
Whatshouldbeblamedforthecrash?
WhohavemadethenewplantochangethesanctionsprogramagainstIraq?
SciencewriterTomStandagedrawsaptparallelsbetweenthetelegraphandthegemoflate20thcenturytechnology,theInternet.
Whowillbemostinterestedintheadvancesmentionedinthetalk?
WashingtonUniversityinSaintLouis,Missouri,isamedium-sizeduniversity.Ithaseleventhousandstudents.Twelvepercentof
Whichofthefollowingitalicizedpartsmodifiesanadverb?
随机试题
患者,男,77岁。因进不洁食物后呕吐胃内容物、腹泻2天,昏迷1天,无畏寒、发热,既往有高血压病史10年。查体:体温38.7℃,脉搏114次/分,呼吸27次/分,血压70/55mmHg,无压眶反应,皮肤干燥、弹性极差,心、肺、腹无明显异常。尿糖(++++),
张某和李某因加工合同发生纠纷,双方诉至法院,以下诉讼行为当中哪些符合民事诉讼法规定的辩论原则?()
施工现场防雷装置一般是由避雷针、接地线和接地体组成。()
如果就业率比较高,预期未来家庭收入可通过努力劳动获得明显增加,个人理财策略偏于配置更多的()。
在外部条件大致相同的课堂教学中,每个学生学习的需要和动机不同,对教学的态度和行为也各式各样,这反映了下列哪种因素对学生身心发展的影响?()
下列情形中,可能导致法律责任的有()。
自2013年全国开展“光盘行动”以来,“舌尖上的浪费”现象大为改观。总的来说,铺张浪费的少了,适量用餐的多了,勤俭节约的意识普遍提高了,推进“光盘行动”有赖于全社会的共同努力,只有牢固树立勤俭节约意识,从源头上控制浪费现象的发生,才能真正促进“光盘行动”向
在我国,国民经济的主导力量是()。
Ourerawitnessesmanycaseswhereourownlibertycontradictswithothers’.Hereisanexampletoshowthisdelicateissue.
Humanbeingshaveusedtoolsforaverylongtime.Insomepartsoftheworldyoucanstillfindtoolsthatpeopleusedmoretha
最新回复
(
0
)