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In this section we selected the most interesting National Self Assement Tools (SAT) from the FLY Consortium Countries: France, Italy, Spain, Turkey

Most of these SATs are consistent with the National Strategy and the Financial Competence Framework for Adults defined by the G20 and OECD/INFE

Financial competence framework for adults in the European Union. (2022), European Commission & OECD

Country Avaiable Languages
Europe English

Promoting Entity:
European Union and OECD-INFE

Description:
The EU/OECD-INFE Financial Competence Framework for Adults promotes a shared understanding of financial competences for adults among Member States and national authorities, educational institutions, industry and individuals. It also provides a basis for a more coordinated approach between national and EU policy makers. By supporting efforts to improve financial literacy, the framework aims to contribute to the overall objective of improving individual financial well-being.

Topic:
Content area 1: Money and transactions
This content area covers knowledge, skills and attitudes related to different forms of money and currencies, income and prices, payments and purchases, and the importance of financial records and contracts.
The main objective of this content area is to establish and identify the skills needed to understand the different characteristics of money, how to obtain it as income, how to exchange it for goods and services and the importance of keeping track of and having records of how it is obtained and exchanged.

Content area 2: Planning and managing finances
This content area covers knowledge, skills and attitudes related to budgeting; income and expense management; saving; investing; long-term planning; retirement; credit; debt and debt management. The main objective of this content area is to establish skills to manage the financial situation of an individual or household in the short and long term. This includes not only managing income and expenses on a day-to-day basis, but also planning; it covers skills related to both savings and investments, and credit and debt management.

Content area 3: Risk and reward
This content area covers knowledge, skills and attitudes related to risk identification, financial safety nets, insurance and the balance between risk and reward.
The aim of this content area is to cover skills related to assessing risks, understanding how to mitigate them with insurance and financial safety nets, and comprehending the trade-offs laying under risk taking.

Content area 4: Financial landscape
This content area covers knowledge, skills and attitudes related to consumer regulation and protection; consumer rights and responsibilities; the use of financial education, financial information and financial advice; financial products and services; fraud and deception (scams); understanding taxes and public spending; external influences on financial decisions.
This content area covers the characteristics and aspects of the financial world.

https://ec.europa.eu/info/sites/default/files/business_economy_euro/banking_and_finance/documents/220111-financial-competence-framework-adults_en.pdf https://ec.europa.eu


Click on the flag of your country to discover the different national SATs

Spain

FINANPOLIS

Country Avaiable Languages
Spain Spanish

Promoting Entity:
FINANPOLIS (private enterpise)

Description:
Basic financial knowledge online tests. Ones the user gets the final results with a short explanation about it (for instance: “Perhaps you lack the most basic financial knowledge...”), the tool recommends the user a paid course to improve its knowledge.

Topic:
Minimum Interprofessional Salary, savings, VAT, investments, credit cards interests, loans, pension scheme, retirement plan.

https://finanpolis.com/test-online

Santander Bank

Country Avaiable Languages
Spain Spanish

Promoting Entity:
Santander Bank

Description:
Financial literacy formal online test, where the user read the question, and once answer it, displays the correct answer and check the response.

Topic:
Digital bank, collaborative economy, stock index, sustainable finance, digitalisation, investments funds, savings, loans, cybersecurity, credit cards, responsible lending.

https://www.santander.com/es/stories/test-cuanto-sabes-sobre-educacion-financiera

Cuáles son tus metas

Country Avaiable Languages
Spain Spanish

Promoting Entity:
Mediolanum bank

Description:
Financial literacy formal online test, where the user read the question, and once answer it, checks the correct answers and the final knowledge result. The test is based on the Survey of Financial Competences (ECF) conducted by the National Securities Market Commission (CNMV) and the Bank of Spain.

Topic:
Official Credit Institution, Eurobonds, mortgage, VAT, personal Income Tax, savings, savings account, consumer price index.

https://blog.cualessontusmetas.com/educacion-financiera-cuanto-sabes-finanzas-te/

Edufinext

Country Avaiable Languages
Spain Spanish

Promoting Entity:
Edufinext

Description:
Financial literacy formal online test, where the user read the question, and answer it. Once the user finishes each test, the website displays the result, if the test is passed or not, time spent and percentage of success.

Topic:
Banking, financial mathematics, stocks, investments, loans, cheques, fixed income securities, investment fund commissions, tax savings, insurance, leasing, corporate income tax.

https://edufinext.edufinet.com/index.php/ejercicios-practicos

Finanzas para mortales

Country Avaiable Languages
Spain Spanish

Promoting Entity:
Finanzas para mortales (Foundation)

Description:
The FxM Challenge is a question and answer game on financial education created by the Santander Financial Institute (SANFI), a center of the UCEIF Foundation, in which you will have to test your knowledge of economics and finance.
As you earn points, your character will evolve through the different levels, unlocking new stars: beginner, apprentice, specialist, expert and master.

Topic:
mortgage, margins, income, collections, prices, invoices, insurance, international trade, ECB, expenses, income, VAT, product life cycle, stock market index, loans, financial education, taxes.

https://finanzasparamortales.com/reto-fxm-finanzas/

Finanzas Para Todos

Country Avaiable Languages
Spain Spanish

Promoting Entity:
Ministry of Economic Affairs and Digital Transformation, Bank of Spain and CNMV (Comisión Nacional del Mercado de Valores, Na

Description:
Basic financial knowledge online test. Ones the user gets the results with a short commentary about the mark (for example when you get a remarkable mark: “Very good! Your financial knowledge is good”), the tool recommends to the user a website created by the Bank of Spain, called “Banking Client Portal” (https://clientebancario.bde.es/pcb/es/?utm_source=ex.co).

Topic:
Insurance, banking, savings and Stock Market.

https://www.finanzasparatodos.es/pon-a-prueba-tus-conocimientos-financieros

Italy

L’economia per tutti

Country Avaiable Languages
Italy Italian, English

Promoting Entity:
Banca d’Italia – The financial education website of Banca d’Italia

Description:
The platform provides several questionnaires, quizzes, crosswords focusing each on a specific topic.
The questionnaire to evaluate the basics of financial knowledge is made up of 6 questions

Topic:
- Basic financial knowledge (Inflation, interest rate, investments risks, fixed vs variable mortgage rate etc)
- Economic Behaviour (becoming aware of some “mental traps” that bring us to act irrationally when it comes to spending, saving, investing)
- Managing your money (family budgeting, payments instruments eg. bank cheques, cash etc, banking products and services, debit vs credit card, TAN, TAEG, time deposits, bonds)

https://economiapertutti.bancaditalia.it/ https://economiapertutti.bancaditalia.it/quiz/le-conoscenze-finanziarie-di-base/

Quello che conta – Il Portale dell’educazione finanziaria

Country Avaiable Languages
Italy Italian

Promoting Entity:
Ministry of Economy and Finance

Description:
The questionnaire is made up of 18 multiple-choice questions covering a good range of topics and requiring some basic mathematical competences. The final results assignes a percentage score and a quality evaluation for the 3 main topics covered by the SAT (finance, insurance and retirement system)

Topic:
- Inflation, interest rate, mortgage negotiation, mutual investments funds, multi-year treasury bonds (BTP), insurance policies, retirement system, etc

http://www.quellocheconta.gov.it/it/abc-quello-che-conta/quiz/quiz/index.html

CONSOB – Italian supervisory authority for financial markets

Country Avaiable Languages
Italy Italian

Promoting Entity:
CONSOB – Italian supervisory authority for financial markets

Description:
The test is structured in three paths with increasing difficulty, each consisting of 10 randomly selected questions on the following topics:
Basic level: basic concepts, logical-mathematical skills, main characteristics of the most common products
Intermediate level: risks and returns, products and markets, investor protection
Advanced level: intermediaries, markets, products

Topic:
- Inflation, interest rates, nominal rate of return, risk propensity

https://www.consob.it/web/investor-education/cultura-finanziaria

EDU FIN

Country Avaiable Languages
Italy Italian

Promoting Entity:
Qfinlab, Department of Mathematics of Politecnico di Milano, research group and training program in quantitative finance

Description:
After each answer, the respondent receives a feedback indicating if the given answer is correct or not. Along with the feedback, and depending on the subject of the question, the respondent might receive also a narrative explanation on why his/her answer is incorrect.

Topic:
● General Quiz: “How much do you know about interest rates, capitalization laws, financing, stocks…?!? Test your knowledge with a general financial education test!”
a. Bank loan and mortgages
b. APR, annual (o annualized) percentage rate & NIR, nominal interest rate
c. Rates and Usury
d. Rates and capitalisation
e. Bonds
f. Investment and diversification

https://www.qfinlab.polimi.it/

France

Culture Financière

Country Avaiable Languages
France French

Promoting Entity:
Individual

Description:
The quiz has 4 levels according to the learner self assessment (beginner, professional, expert and “super expert”). The learner has 20 seconds to answer each question.

Topic:
Credit card, minimun salary, coins, direct debit, VAT, stock markets, retirement pensions,

https://culturefinanciere.com/ https://culturefinanciere.com/testez-votre-culture-financiere/

La finance pour tous

Country Avaiable Languages
France French

Promoting Entity:
The Institut pour l'Education Financière du Public (IEFP), better known as La finance pour tous, is an independent pub

Description:
The quiz has 4 levels according to the learner self assessment (beginner, professional, expert and "super expert"). The learner has 20 seconds to answer each question.

Topic:
Credit card, minimun salary, coins, direct debit, VAT, stock markets, retirement pensions,

https://www.lafinancepourtous.com/ http://quiz.lafinancepourtous.com/

Le Revenu

Country Avaiable Languages
France French

Promoting Entity:
Le Revenu is a French weekly and monthly magazine specialized in financial investment advice. It is distributed in print and

Description:
The users can answer the quiz in as much time as they like. They have to pick the right answer among three options and check the right answer that is displayed under each of the 27 questions.

Topic:
Investment, shares, use of personal incomes, money saving, general demographics, history of economics and social science notions

https://www.lerevenu.com/

lëtzfin – let’s talk about finanance

Country Avaiable Languages
France German / French

Promoting Entity:
Commission de Surveillance du Secteur Financier (CSSF)

Description:
The test should help avarage citizens (i.e., consumers) in identifying their gaps / lack in knowledge on basic everyday-personal finance. This tool is hosted by letzfin, the official knowledge platform of financial literacy promoted by the Commission de Surveillance du Secteur Financier (CSSF, Luxemburg). Among the others, the platform host a toolbox section with simulations, tips for personal budgeting and other type of gamification resources.

Topic:
What is inflation, basics of financial math, return on investments.

https://www.cssf.lu/en/

Turkey

Türkiye Bankalar Birliği/ Turkish Banks Association

Country Avaiable Languages
Turkey Turkish

Promoting Entity:
Ministry of Economy and Finance

Description:
The platform provides questionnaire focusing each on financial Literacy.
The questionnaire to evaluate the basics of financial knowledge is made up of 6 questions
Financial Behaviour,11 questions and Financial Attitude 3 questions.

Topic:
- Basic financial knowledge (Inflation, interest rate, investments risks, fixed vs variable mortgage rate etc)
- Financial Behaviour (becoming aware of some “mental traps” that bring us to act irrationally when it comes to spending, saving, investing)
Managing your money (family budgeting, payments instruments eg. bank cheques, cash etc, banking products and services, debit vs credit card, TAN, TAEG, time deposits, bonds)
Financial attitude

https://foy.tbb.org.tr/finansal-okuryazarlik-olcumu

Türkiye Halkbakası /Turkey Halkbank Bank Official Website

Country Avaiable Languages
Turkey Turkish

Promoting Entity:
Halkbank Bank

Description:
The questionnaire is made up 7 of multiple-choice questions and 1 True false , covering a good range of topics and requiring some basic mathematical competences

Topic:
- Basic financial knowledge (Inflation, interest rate, investments risks, fixed vs variable mortgage rate etc)
- Financial Management
- Budgeting method
- CREDIT SCORE

https://www.halkbank.com.tr/content/halkbank/tr/blog/finans/para-hakkinda-ne-biliyorsunuz-8-soruluk-test.html

Hürriyet

Country Avaiable Languages
Turkey Turkish

Promoting Entity:
Turkish Media on Economy

Description:
The questionnaire is made up 10 of multiple-choice questions, covering a good range of topics

Topic:
Money politics,Exchange rate,exchange rate system,Inflation, interest rate, mutual investments funds, multi- insurance policies,

https://www.hurriyet.com.tr/kesfet/anketimize-katilin-finansal-okuryazarlik-bilginizi-test-edin-41881205
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