Korean schoolkids know minute about even the basics of economics, a be taught about finds.
The Ministry of Economy and Finance examined 15,788 schoolkids on their understanding of economics final November, and their common fetch was factual 53 out of 100 points.
Sixth graders scored an common 58.09 points, 11th graders 51.74 points and ninth graders 48.84 points.
Among varied issues they had been requested to interpret favorite financial terms akin to inflation and passion charges, and half of them had been unable to resolution wisely.
The 11th graders mostly did not seem to imprint that a credit ranking-card invoice indicates cash owed to the issuer, and ninth graders regarded as if it is also unclear what inquire of is.
The Ministry of Economy and Finance talked about the outcomes with the Training Ministry to search out ways to resolve the converse.
Based on the minutes of their meeting, Lee Sang-soo, the head of the college innovation increase crew on the Training Ministry, said financial instructing is primarily primarily based too noteworthy on view and needs to contain extra handy mutter material.
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