FROM LITERACY TO FINANCIAL EDUCATION: A SURVEY OF METHODS TO MEASURE PHENOMENA. THE PARTICULAR SITUATION OF ROMANIA

People with a high level of financial literacy represent a premise for the societies' evolution and wellbeing, because informed citizens are capable to manage their money, to take proper financial decisions and to contribute to general prosperity and financial stability. We analysed the ideolog...

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Bibliographic Details
Published inAnnales Universitatis Apulensis : Series Oeconomica Vol. 16; no. 1; p. 212
Main Author Socol, Adela
Format Journal Article
LanguageEnglish
Published Alba Iulia "1 Decembrie 1918" University of Alba Iulia (Romania), Faculty of Sciences 01.01.2014
Subjects
Awards & honors
Behavior
Compound interest
Correlation analysis
Economic growth
Education
Financial literacy
Financial services
Illiteracy
International finance
Knowledge
Questionnaires
Studies
Romania
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Summary:People with a high level of financial literacy represent a premise for the societies' evolution and wellbeing, because informed citizens are capable to manage their money, to take proper financial decisions and to contribute to general prosperity and financial stability. We analysed the ideological acceptations of the basic concepts and the methodology of measuring financial literacy. The paper emphasizes on the problem of low financial literacy across countries. This problem could be solved by developing a national strategy of financial education that is the premise for efficient financial education.
ISSN:1454-9409