Assessment tool

Check out the most interesting national self-assessment tools (SAT) from FLY Consortium countries

Check your financial knowledge

Financial literacy is an essential life skill’. It can make a crucial difference in the lives of people, in their opportunities, in their success. Assessing the levels of financial literacy in the population is a key component of a successful project strategy for financial education, enabling us to identify gaps and design appropriate responses. The assessment tool will measure the financial knowledge, behaviour and attitudes.

The Toolkit includes a questionnaire designed to collect relevant information about financial literacy and financial inclusion: useful to compare levels of financial literacy and financial inclusion across countries.

The test will be an easy, fast and reliable tool not only for measuring the level of financial knowledge, but also for evaluating behaviors and attitudes.

SELF ASSESMENT TOOL REPORT

Knowledge

The questions concern the understanding of the basic concepts useful for making financial choices: inflation; interest rate; difference between simple and compound interest rate; risk diversification.

Behaviors

The questions refer to the management of financial resources in the short and long term: setting financial objectives, planning of resources to be allocated to consumption, bill payments, savings in recent months.

Attitudes

The questions reveal the orientation of individuals to saving, especially of a precautionary nature, in a long-term perspective.

The tool has 2 strategic functions:

Collect data useful for the partnership to compare levels of financial literacy and financial inclusion across countries. This allow us to identify gaps and design appropriate responses in the next Result (O3), creation of training courses. Deliverable: Report
Self Assessment for Target Group: at the end of the test the users will have a final score: based on the score, the platform will recommend the training to follow to fill their educational gaps

The European Commission's support for the production of this publication does not constitute an endorsement of the contents, which reflect the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein

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