Table 2

Financial literacy and numerical ability

Distribution of valid answers*
None123
Basic financial literacy26.3%37.6%28.3%7.8%
None12
Advanced financial literacy48.3%41.5%10.2%
None123
Numerical ability60.5%20.0%17.6%2.0%

Note(s): *: Weighted number of correct answers for the basic financial literacy measure (three questions), the advanced financial literacy measure (two questions) and the numerical ability measure (three questions)

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