Measurement scale of financial literacy items
| Financial literacy items | Options | Measurements |
|---|---|---|
| Numeracy, interest compounding, inflation, money illusion, debt management | More than or less than, increase or decrease | Ordinal measure |
| Time value of money, investing, diversification of risk, retirement saving, housing, life insurance | True/False, Different classes | Nominal measure |
| Financial literacy items | Options | Measurements |
|---|---|---|
| Numeracy, interest compounding, inflation, money illusion, debt management | More than or less than, increase or decrease | Ordinal measure |
| Time value of money, investing, diversification of risk, retirement saving, housing, life insurance | True/False, Different classes | Nominal measure |
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