What is the primary reason financial literacy is important for middle and high school students?

• To equip them with necessary knowledge and skills to manage personal finances

• To prepare them for standardized tests

• To encourage them to pursue careers in finance

• To help them understand global economic policies

Which of the following is NOT mentioned as a financial challenge faced by young adults?

• Student loan debt

• Credit card debt

• Lack of budgeting skills

• High mortgage rates

What skills does financial literacy education foster beyond numbers and calculations?

• Critical thinking and problem-solving

• Artistic creativity

• Physical fitness

• Historical analysis

How does financial literacy education promote equity in education?

• By providing all students with access to essential financial knowledge and skills

• By offering scholarships to underprivileged students

• By reducing tuition fees for low-income families

• By providing free textbooks to all students

How many states have made personal finance or financial literacy a graduation requirement?

• 25

• 10

• 15

• 30

What is one of the real-world challenges financial literacy prepares students for?

• Paying bills and managing expenses

• Traveling abroad

• Learning a new language

• Participating in sports

What is a key concept emphasized in financial literacy education to promote financial responsibility?

• Living within one’s means

• Maximizing credit card usage

• Investing in high-risk stocks

• Spending without a budget

Write a brief summary of the most important reasons that financial literacy belongs in school lessons: