Financial literacy quiz

In 2012, the OECD surveyed member nations on the financial literacy of their citizens, asking eight questions covering the "basic knowledge of key financial concepts", where no concepts covered were overly complicated, nor did the answers require specialised financial skills (Atkinson & Messy, 2012). 

The most financially savvy nations in the survey proved to be Hungary and Estonia, coming in at over 75%, with Germany, Ireland and the Czech Republic coming in at 70% (Atkinson & Messy, 2012, p. 7). The original report listed the answers to each individual question, not providing an overall average, which I found surprising (and yes, I appreciate that the averages may be somewhat flawed). Regardless, I have recreated the original data table and provided that average, just for interest.

Stuff reported these OECD outcomes at the time, also running the same quiz for New Zealanders, to see how well Kiwis fitted with the mostly European participant nations. Interestingly, New Zealanders did very well, scoring an average of 78%. While the Stuff quiz has been taken down, if you are interested, you can complete the quiz I recreated from Atkinson and Messy's original 2012 survey here: https://forms.gle/tY1xncCfucCAswDL8

See how you go!

Sam

References:

Atkinson, A., & Messy, F.-A. (2012). Measuring Financial Literacy: Results of the OECD/International Network on Financial Education (INFE) Pilot Study (OECD Working Papers on Finance, Insurance and Private Pensions No. 15). OECD Publishing. http://dx.doi.org/10.1787/5k9csfs90fr4-en

Stuff. (2013, June 14). Biz Quiz: Test your financial literacy. https://www.stuff.co.nz/national/quizzes/8791235/Biz-Quiz-Test-your-financial-literacy