Financial Illiteracy in America: Its Causes, Impact & Solutions

by Eric Weiss

Book Overview

Many of the financial problems facing the U.S. can be traced to financial illiteracy among large segments of the population. Consider: 1. If people understood the relation between the economy and monetary policy they probably would not have taken out adjustable rate mortgages at precisely the time the Federal Reserve was set to raise interest rates. 2. If people understood the difference between the effective annual and the annual percentage rate...

• Format: Paperback
• Language: English
• ISBN: 1453613390
• ISBN13: 9781453613399
• Release Date: January 2011
• Publisher: Createspace Independent Publishing Platform
• Length: 148 Pages
• Weight: 0.46 lbs.
• Dimensions: 0.3" x 6.0" x 9.0"