{"id":17793,"date":"2009-06-22T10:00:01","date_gmt":"2009-06-22T10:00:01","guid":{"rendered":"https:\/\/blogs.msdn.microsoft.com\/oldnewthing\/2009\/06\/22\/high-school-students-guess-what-happens-to-money-deposited-into-checking-accounts\/"},"modified":"2009-06-22T10:00:01","modified_gmt":"2009-06-22T10:00:01","slug":"high-school-students-guess-what-happens-to-money-deposited-into-checking-accounts","status":"publish","type":"post","link":"https:\/\/devblogs.microsoft.com\/oldnewthing\/20090622-01\/?p=17793","title":{"rendered":"High school students guess what happens to money deposited into checking accounts"},"content":{"rendered":"

In August 2007, the results of the first nationwide high school economics graduation tests were released. (Download the report [pdf]<\/a>.) It appears that the results were better than expected, but let’s not celebrate too quickly: The results were that 42% of students rated “Proficient” and 3% “Advanced”. And only 52% of the students could answer this multiple-choice question correctly: <\/p>\n

What happens to most of the money deposited in checking accounts at a commercial bank? <\/p>\n

    \n
  1. It is used to pay the bank’s expenses. <\/li>\n
  2. It is loaned to other bank customers. <\/li>\n
  3. It is kept in the bank’s vault until depositors withdraw the funds. <\/li>\n
  4. It is paid to owners of the bank as return on their investment. <\/li>\n<\/ol>\n<\/blockquote>\n

    I guess 48% of the students have never seen It’s a Wonderful Life<\/i>. <\/p>\n","protected":false},"excerpt":{"rendered":"

    In August 2007, the results of the first nationwide high school economics graduation tests were released. (Download the report [pdf].) It appears that the results were better than expected, but let’s not celebrate too quickly: The results were that 42% of students rated “Proficient” and 3% “Advanced”. And only 52% of the students could answer […]<\/p>\n","protected":false},"author":1069,"featured_media":111744,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[103],"class_list":["post-17793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oldnewthing","tag-non-computer"],"acf":[],"blog_post_summary":"

    In August 2007, the results of the first nationwide high school economics graduation tests were released. (Download the report [pdf].) It appears that the results were better than expected, but let’s not celebrate too quickly: The results were that 42% of students rated “Proficient” and 3% “Advanced”. And only 52% of the students could answer […]<\/p>\n","_links":{"self":[{"href":"https:\/\/devblogs.microsoft.com\/oldnewthing\/wp-json\/wp\/v2\/posts\/17793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/devblogs.microsoft.com\/oldnewthing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/devblogs.microsoft.com\/oldnewthing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/devblogs.microsoft.com\/oldnewthing\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/devblogs.microsoft.com\/oldnewthing\/wp-json\/wp\/v2\/comments?post=17793"}],"version-history":[{"count":0,"href":"https:\/\/devblogs.microsoft.com\/oldnewthing\/wp-json\/wp\/v2\/posts\/17793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/devblogs.microsoft.com\/oldnewthing\/wp-json\/wp\/v2\/media\/111744"}],"wp:attachment":[{"href":"https:\/\/devblogs.microsoft.com\/oldnewthing\/wp-json\/wp\/v2\/media?parent=17793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/devblogs.microsoft.com\/oldnewthing\/wp-json\/wp\/v2\/categories?post=17793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/devblogs.microsoft.com\/oldnewthing\/wp-json\/wp\/v2\/tags?post=17793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}