The OECD Report of Educational Statistics in 30 Countries Found

question 2

Multiple Choice

The OECD report of educational statistics in 30 countries found that

• A)educational levels are decreasing.
• B)spending on education is generally consistent across countries.
• C)teacher salaries in the U.S. are among the highest in the world.
• D)there is a significant relationship between education and income and between education and employment.

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and maintenance of financial stability.

Check Clearing

The process by which money is transferred from the checking accounts of the writers of checks to the checking accounts of the recipients of the checks.

Insuring Bank Deposits

A government or independent institution's act of providing a guarantee to bank depositors that their deposits will be protected up to a certain limit in the event of a bank failure.

Time Deposits

Time Deposits are savings accounts or certificates of deposit (CDs) that lock the depositor's funds for a certain period of time, during which early withdrawal incurs penalties.