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According to a recent study on financial roles, one-third o
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Updated on: 22 Jan 2021, 03:35
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Question 1
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50% (01:42) correct
50% (01:46) wrong based on 20 sessions
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According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.
Which of the following conclusions can be properly drawn from the statements above?
(A) High schools would be wise to incorporate personal finance classes into their core curricula. (B) At least one-third of high school seniors work part-time jobs after school. (C) The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check. (D) Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities. (E) The majority of high school students have no financial responsibilities to their families.
Re: According to a recent study on financial roles, one-third o
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27 Aug 2019, 06:32
1
AE wrote:
Any explanation please?
From what I gather, this is really a math problem. Compare the groups they give us. 1/3 have financial responsibilities. 4/5 have never had any sort of education regarding finances and of those 4/5ths, 1/3 have had a check bounce.
So 1/3 is greater than 1/3 of 4/5ths. Which gives us answer C: There are more seniors with financial responsibilities than there are seniors who have had checks bounce.
gmatclubot
Re: According to a recent study on financial roles, one-third o [#permalink]