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Is it even possible

sadolite
Posts: 8,920
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3/12/2015 8:30:49 PM
Posted: 1 year ago
I can't belive 55% of people with college degrees fail this 3 question test on fiscal literacy. it just doesn't seem possible. This is basic basic basic basic stuff.

http://time.com...
I am not what you think I am. You ARE what you think I am
Skepsikyma
Posts: 8,457
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3/12/2015 8:36:24 PM
Posted: 1 year ago
At 3/12/2015 8:30:49 PM, sadolite wrote:
I can't belive 55% of people with college degrees fail this 3 question test on fiscal literacy. it just doesn't seem possible. This is basic basic basic basic stuff.

http://time.com...

That's just sad. I would be able to answer those regardless of whether or not I went to college, because they're just math and basic logic.
"Whatever else is evil, the pride of a good mother in the beauty of her daughter is good. It is one of those adamantine tendernesses which are the touchstones of every age and race. If other things are against it, other things must go down. If landlords and laws and sciences are against it, landlords and laws and sciences must go down. With the red hair of one she-urchin in the gutter I will set fire to all modern civilization."
- G. K. Chesterton -
sadolite
Posts: 8,920
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3/13/2015 2:20:44 PM
Posted: 1 year ago
At 3/12/2015 8:36:24 PM, Skepsikyma wrote:
At 3/12/2015 8:30:49 PM, sadolite wrote:
I can't belive 55% of people with college degrees fail this 3 question test on fiscal literacy. it just doesn't seem possible. This is basic basic basic basic stuff.

http://time.com...

That's just sad. I would be able to answer those regardless of whether or not I went to college, because they're just math and basic logic.

It's not sad it's frightening.
I am not what you think I am. You ARE what you think I am
Voxol
Posts: 23
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3/13/2015 2:41:05 PM
Posted: 1 year ago
It isn't even asking you to calculate anything, do these people even know what "Interest" and "Inflation" are?
Dazz
Posts: 1,172
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3/17/2015 12:44:56 AM
Posted: 1 year ago
At 3/12/2015 8:30:49 PM, sadolite wrote:
I can't belive 55% of people with college degrees fail this 3 question test on fiscal literacy. it just doesn't seem possible. This is basic basic basic basic stuff.

http://time.com...

I tested my knowledge and finished with surety of answers without affirmation. I thought how this could be possible for one, not being able to answer them right. But I remember, before studying "Financial Management and Economics", concepts of time value of money, purchasing power and mutual fund risk diversification were also alien to me. So I think it's possible for the majority to get them wrong before they're introduced to these "BASIC" concepts as every person doesn't put attention to these things necessarily in routine.
Remove the "I want", remainder is the "peace". ~Al-Ghazali~
"This time will also pass", a dose to cure both; the excitement & the grievance. ~Ayaz~
Diqiucun_Cunmin
Posts: 2,721
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3/18/2015 12:19:38 PM
Posted: 1 year ago
The first one is basic maths, but I don't see how the second (involves the Fisher equation - unless you consider that basic?) or the third (I'm not even sure what those English phrases meant; I just guessed based on the meanings of the separate words, and concluded that 'mutual' would spread the risk whilst 'single' wouldn't) are common sense...
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The-Voice-of-Truth
Posts: 7,864
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3/18/2015 12:21:50 PM
Posted: 1 year ago
At 3/12/2015 8:30:49 PM, sadolite wrote:
I can't belive 55% of people with college degrees fail this 3 question test on fiscal literacy. it just doesn't seem possible. This is basic basic basic basic stuff.

http://time.com...

Wow. I knew all 3 of those answers.
Donaldus invictus, libera et impera acerbus et ingens, augusta per angusta.
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Donald invictus, deliver and be tart and huge by narrow.
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Invincible Donald, liberate and rule fierce and mighty, honor through difficulty.

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21MolonLabe
Posts: 325
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3/18/2015 1:16:16 PM
Posted: 1 year ago
At 3/12/2015 8:30:49 PM, sadolite wrote:
I can't belive 55% of people with college degrees fail this 3 question test on fiscal literacy. it just doesn't seem possible. This is basic basic basic basic stuff.

http://time.com...

That is sad. If I can answer them, a college graduate/student should be able to answer it.
"We have this consolation with us, that the harder the conflict, the more glorious the triumph. " - Thomas Paine
sadolite
Posts: 8,920
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3/18/2015 6:51:33 PM
Posted: 1 year ago
At 3/18/2015 1:16:16 PM, 21MolonLabe wrote:
At 3/12/2015 8:30:49 PM, sadolite wrote:
I can't belive 55% of people with college degrees fail this 3 question test on fiscal literacy. it just doesn't seem possible. This is basic basic basic basic stuff.

http://time.com...

That is sad. If I can answer them, a college graduate/student should be able to answer it.

How one could even make it into college without being to answer them is mindboggling. They should make this the entrance exam.
I am not what you think I am. You ARE what you think I am
Wylted
Posts: 21,204
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3/18/2015 7:23:34 PM
Posted: 1 year ago
At 3/12/2015 8:30:49 PM, sadolite wrote:
I can't belive 55% of people with college degrees fail this 3 question test on fiscal literacy. it just doesn't seem possible. This is basic basic basic basic stuff.

http://time.com...

I know what answer they are looking for in number 3, but it is debatable.