Examine the statement and determine which assumptions are logically implied or necessary for the statement to hold true.
Schools should teach financial literacy to prepare students for adulthood.
Assumption I
Financial literacy equips students for adult responsibilities.
Assumption II
Some students lack financial knowledge.
Assumption III
Financial literacy guarantees financial success.
Show answer & explanation
Correct answer: A
Explanation
Analysis of Assumptions:
• Assumption I is implicit: The statement directly suggests teaching financial literacy to prepare students for adulthood, which assumes that financial literacy actually helps in equipping students for adult life and its responsibilities.
• Assumption II is implicit: A need to teach a subject arises only when students lack that knowledge. Therefore, it is assumed that at least some students do not possess adequate financial knowledge.
• Assumption III is not implicit: The word 'guarantees' is absolute and extreme. Teaching financial literacy helps in preparation, but does not guarantee definite financial success.
Hence, only assumptions I and II are implicit.
Correct Option: (A)