Perceived and Actual Financial Literacy

Perceived and Actual Financial Literacy

Perceived and actual financial literacy in Slovakia was examined via standard questions used in international surveys. Levels of perceived competence were well-related to actual knowledge of basic financial concepts, such as inflation, compound interest, time value of money and investment costs and...

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Veröffentlicht in:Ekonomický časopis 2012-08, Vol.60 (7), p.681
1. Verfasser: Baláz, Vladimír
Format: Artikel
Sprache:eng ; slo
Schlagworte:
Compound interest
Financial literacy
Investments
Knowledge
Psychological aspects
Studies
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Beschreibung
Zusammenfassung:Perceived and actual financial literacy in Slovakia was examined via standard questions used in international surveys. Levels of perceived competence were well-related to actual knowledge of basic financial concepts, such as inflation, compound interest, time value of money and investment costs and socio-demographic variables (education, gender). Psychological variables (risk tolerance levels) impacted perceived financial knowledge indirectly, via willingness to invest in risky classes of financial products. [PUBLICATION ABSTRACT]
ISSN:0013-3035