Holy cow, I wrote a book!
In August 2007, the results of the first nationwide high school
economics graduation tests were released.
(Download the report [pdf].)
It appears that the results were better than expected,
but let's not celebrate too quickly:
The results were that 42% of students rated "Proficient"
and 3% "Advanced".
And only 52% of the students could answer this multiple-choice
What happens to most of the money deposited in checking
accounts at a commercial bank?
It is used to pay the bank's expenses.
It is loaned to other bank customers.
It is kept in the bank's vault until depositors withdraw
It is paid to owners of the bank
as return on their investment.
I guess 48% of the students have never seen It's a Wonderful Life.