SBAC Practice HSS26_Vasquez

Paraphrase information from Source #1 that refutes information from

Source #2 without plagiarizing.

Young people should take financial literacy classes so they may make good financial decisions.

• Source #1: Working Financial Literacy in With the Three R's

• Source #2: Financial Education Leaving Americans Behind

• Source #3: Financial Literacy, Beyond the Classroom

• Source #4: Finance Course Prompts Debate

Some people support financial literacy despite evidence that it does not work.

• Source #1: Working Financial Literacy in With the Three R's

• Source #2: Financial Education Leaving Americans Behind

• Source #3: Financial Literacy, Beyond the Classroom

• Source #4: Finance Course Prompts Debate

Financial literacy education could be effective if we rethink the way it is taught.

• Source #1: Working Financial Literacy in With the Three R's

• Source #2: Financial Education Leaving Americans Behind

• Source #3: Financial Literacy, Beyond the Classroom

• Source #4: Finance Course Prompts Debate

Resources for improving financial literacy should be spent on financial regulation instead.

• Source #1: Working Financial Literacy in With the Three R's

• Source #2: Financial Education Leaving Americans Behind

• Source #3: Financial Literacy, Beyond the Classroom

• Source #4: Finance Course Prompts Debate

According to Source #1, what specific evidence does Professor Michael S. Gutter provide to support the effectiveness of financial literacy courses?

• 
  Students who took a course were more likely to start their own businesses.

• 
  Students who took a course scored significantly higher on math and trigonometry exams.

• Students from states with required courses were more likely to save and pay off credit cards.

• • Social learning from parents is the only factor that influences financial behavior.

Which statement best describes the relationship between the perspectives in Source #1 and Source #2?

• Both sources agree that mandatory classes are the only way to prevent another housing bubble.

• Source #1 suggests that financial education provides long-term benefits, while Source #2 argues that such courses may be ineffective or even harmful.

• • Source #1 focuses on the history of economics, while Source #2 focuses on current political legislation.

• Both sources conclude that teaching math and statistics is more useful than teaching personal finance.

As used in Source #3, what does the word "maelstrom" most likely mean in the context of the modern economy?

• A structured environment with clear rules and outcomes.

• A powerful, often destructive, and confused situation.

• • A calm and predictable financial marketplace.

• A simple mathematical problem with a single solution.

In Source #2, what is Lauren Willis’s primary criticism of current financial literacy mandates?

• They are too expensive for school districts to maintain.

• • They focus too much on compound interest and not enough on credit cards.

• They may make students overconfident in their limited skills and provide a false impression that a problem is being solved.

• • They are only being implemented in states like Utah and Missouri.

Based on Source #3, why does Richard H. Thaler suggest that "just-in-time" education is more effective than high school courses?

• Because it is easier for government regulators to track.

• Because classroom simulations like the "Life" game are too unrealistic.

• Because high school students are too young to understand the concept of a 401(k).

• Because financial knowledge decays quickly, making it more useful to learn right before a major decision.