﻿ Financial Literacy Questionnaire

# Financial Literacy Questionnaire – English

## Instructions

In this questionnaire you are being asked questions about your experience with money matters in school and outside of school. When you answer the questions, please think about all of your experiences during the last 12 months (that is, since this time last year), even if you have changed school during this time. There are no right or wrong answers. Your answers should be the ones that are right for you.

You may ask for help if you do not understand something or are not sure how to answer a question.

Your answers will be combined with answers from other students to calculate totals and averages. All of the information you provide may be used only for statistical purposes and may not be disclosed, or used, in identifiable form for any other purpose except as required by law (20 U.S.C. §9573 and 6 U.S.C. §151).

FL150

## Have you ever learned how to manage your money in a class?

(Please select one response in each row.)

FL151

## Thinking about the school textbooks that you have used in the last 12 months:

(Please select one response in each row.)

FL164

## Thinking about school classes in the last 12 months, have you heard of, or learned about, the following terms?

You may have heard about these terms from someone else, such as your parents/guardians or friends, but please only think about what you have heard or learned in school.

(Please select one response in each row.)

FL165

## We want to know about your experience with the following types of word problems about money matters at school. Have you encountered these types of word problems during the following classes or activities?

The next question is about your experience with different kinds of problems you may have encountered at school in the last 12 months. Please only read these problems, do not answer them.

Problem no. 1:
Ann is on vacation in a country called Farway, but she normally lives in Zedland. The unit of currency in Zedland is the ZED. The unit of currency in Farway is the FAD. At the time of the vacation, the exchange rate was 1 ZED = 25 FAD. Ann needs 200 FAD to buy some food. If she exchanges some of her ZEDs, the currency exchange agency will apply a 3% commission. If she withdraws FADs from an ATM in Farway, her bank will charge her a fixed 2 ZED fee. Should Ann exchange her ZEDs or withdraw FADs from an ATM?

Problem no. 2:
Tom is talking with his grandmother and they are comparing the price of ice cream cones now and when his grandmother was his age. They noted that the purchasing power of money usually decreases over time, meaning that, all else being equal, inflation decreases the amount of goods or services that you can purchase over time. Discuss some examples of how inflation affects you or your family.

(Please select one response in each row.)

FL166

## How often have you encountered the following types of tasks or activities in a school class in the last 12 months?

(Please select one response in each row.)

FL153

## Where do you get the information you need about money matters (such as spending, saving, banking, investment)?

(Please select one response in each row.)

FL167

## How often do you discuss the following matters with your parents (or guardians or relatives)?

(Please select one response in each row.)

FL156

## Do you get money from any of these sources?

(Please select one response in each row.)

FL159

## How much do you agree with the following statements about the way you handle your money?

(Please select one response in each row.)

FL160

## When you think about buying a new product using your allowance, how often do you do any of the following?

(Please select one response in each row.)

FL161

## Do you have any of the following things?

(Please select one response in each row.)

FL162

## How confident would you feel about doing the following things?

(Please select one response in each row.)

FL163

## When using digital or electronic devices outside of the bank (e.g., at home or in stores), how confident would you feel about doing the following things?

(Please select one response in each row.)

FL168

## In the last 12 months, have you done the following things?

(Please select one response in each row.)

FL169

## To what extent do you agree with the following statements?

(Please select one response in each row.)