QUIZ: Are you financially literate? A new South Carolina bill wants to make sure students are

GA falls under financial literacy ranking (Source: WALB)
GA falls under financial literacy ranking (Source: WALB)
Updated: Jan. 10, 2019 at 7:32 PM EST
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COLUMBIA, SC (WMBF) - A bill prefiled this legislative session wants South Carolina students to learn more about finance.

Senator Luke Rankin, who represents District 33 in Horry County, introduced the bill which would require all South Carolina high school students to take a half credit course in personal finance with a test at the end of the year. If passed into law, this class would be a graduation requirement beginning with the 2020-2021 school year.

“I really think it’s such a big opportunity to kind of lay some foundational principals for kids that are coming out in to the world." said Financial Advisor for Ed Jones, Jory Taylor. “We want to be able to provide that information earlier so students have some of the basics.That way they have the resources they need in order to be successful.”

Take the following quiz, with questions by Annamaria Lusardi, a professor of economics at Dartmouth, to test your financial literacy.

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