High School Students Find Economics Hard

For the first time, the federal government is testing U.S. high school students on how much they understand economics.

The results have been surprisingly good. Almost 80 percent got the basics correct, though only about half of those tested knew that banks use deposits to make loans to other customers.

The answers to questions on trade also held some surprising results — about half of the country's high school students understood the basic principles of global trade.

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