AP: Students' financial literacy gets an "F"

Lewis Mandell, professor of finance and managerial economics, is quoted in an article distributed by the Associated Press that reports that according to a nationwide survey released by the Federal Reserve, high school seniors' financial knowledge has gotten worse, with students on average answering correctly only 48.3 percent of question. The article appears in hundreds of news outlets, including The New York Times, National Public Radio, BusinessWeekand USA Today.