3. Listen to the text and answer the questions:

1. When was the United States Financial Literacy and Education Commission established?

1. in three thousand three

2. in three thousand two

3. in two thousand three

4. in two thousand two

2. According to the speaker, through how many federal agencies does the United States Financial Literacy and Education Commission supervise financial education efforts?

1. nine hundred

2. nineteen

3. nine

4. ninety

3. According to the speaker, how many states do now require high school students to take a class in economics?

1. seventy

2. seventeen

3. seven

4. fifteen

4. According to the speaker, the United States Financial Literacy and Education Commission’s Web site includes links to three of the following EXCEPT

1. agencies that deal with banking

2. buying a home

3. the United States Financial Literacy and Education Commission’s official Web site

4. investing and other areas

5. According to the speaker, what is Charles Schwab’s official Web site?

1. www.investing.com

2. www.CharlesSchwab.com

3. www.SchwabMoneyWise.com

4. www.MoneyWise.com

4. Now go to the printed version of the text and follow the speaker when listening. After listening answer the following questions:

1. Two of the following Web sites are mentioned in the text EXCEPT

1. ncee.net

2. PersonalFinance.com

3. SchwabMoneyWise.com

4. EconomicEducation.net

2. Three of the following organizations are mentioned in the text EXCEPT

1. The United States Financial Literacy and Education Commission

2. The National Council on Financial Education

3. Junior Achievement

4. The National Council on Economic Education

Reading

5. Look at the word highlighted in paragraph 3 of the text. Mark two answer choices that are closest in meaning to the word established.

(A) started

(B) found

(C) founded

(D) set up

6. Look at the word highlighted in paragraph 7 of the text. Mark the answer choice that is closest in meaning to the word educating.

1. understanding

2. spending

3. teaching

4. learning

7. Look at the word highlighted in paragraph 9 of the text. Mark the answer choice that is closest in meaning to the word three-fourths.

1. 50%

(B) 25%

(C) 75%

(D) half

8. Look at the highlighted word in paragraph 1 of the text. Choose the word in the bold text that the word they refers to.

(A) ways

(B) people

(C) money

(D) strangers

Text: The Value of Teaching About Money

1. Personal finance is an increasingly complex world. There are more ways to invest money, more ways to save it - and more ways to lose it. Yet many people are more strangers to this world than they might like to admit.

2. In the United States, there are growing calls to do more to help young people learn skills in financial literacy. Some efforts begin in high school. But more and more information is available on the Internet, not only for young people but also for adults. (1) The goal is to teach about budgeting, saving, investing and using money.

3. The United States Financial Literacy and Education Commission was established in two thousand three. This government group supervises financial education efforts through nineteen federal agencies. Information on financial literacy and education can be found at its Web site. (2) It includes links to agencies that deal with banking, buying a home, investing and other areas.

4. The National Council on Economic Education has found that seventeen states now require high school students to take a class in economics. This number has grown from thirteen in nineteen ninety-eight.

5. As of three years ago, half of all states required students to take a class in personal finance. Yet that number has fallen, from twenty-five to twenty-two.

6. The National Council on Economic Education sells textbooks for grades four through twelve. It also offers free materials for teachers. The information is available at ncee.net. (3)

7. Teachers say parents also need to play a larger part in educating their children about money. A recent study found that seventy percent of college students said they received financial advice mainly from their parents.

8. Investment companies also offer information. Charles Schwab, for example, has a Web site to help parents teach their kids about money and investing. The address is SchwabMoneyWise.com. (4)

9. One of the first tastes of financial independence that many young people get is through summer jobs. Junior Achievement is an organization that teaches young people about finance and business. It says almost three-fourths of young people questioned said they planned to have a summer job.

comprehension

9. Now read the whole text and decide whether these statements are true (T❒) or false (F❒):

1. The goal of all American financial literacy organizations is to teach young people about earning money. T❒ F❒

2. The goal of all American financial literacy organizations is to teach about budgeting, saving, investing and using money. T❒ F❒

3. All American financial literacy organizations are working only for young people. T❒ F❒

4. All American financial literacy organizations are working only for adults. T❒ F❒

5. The United States financial literacy organizations are working for both young people and adults. T❒ F❒

6. Some investment companies, like Charles Schwab, for example, help parents teach their children about money and investing. T❒ F❒

7. The National Council on Economic Education doesn’t sell textbooks or any other materials. They only place information on Internet. T❒ F❒