Financial literacy crucial - Bernanke

US states should consider making personal finance a requirement for all students who seek a high-school diploma, said Ben Bernanke, the chairman of the Federal Reserve.

The problems that have arisen in the subprime mortgage market recently show how critically important it is for individuals to become financially literate at an early age, stressed the chairman.

At present, each of the Federal Reserve Banks has at least one economic education specialist and many offer training seminars for

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