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).

Background Information

FL150

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

(Please select one response in each row.)

  Yes No
At school, in a subject or class specifically about managing your money radio button unchecked radio button unchecked
At school as part of another subject or class radio button unchecked radio button unchecked
In an activity outside school radio button unchecked radio button unchecked

FL151

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

(Please select one response in each row.)

  Yes No I don’t know
Have you used a specific textbook on money matters? radio button unchecked radio button unchecked radio button unchecked
Have you used a textbook on some other subject that discusses money matters? radio button unchecked radio button unchecked radio button unchecked

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.)

  Never heard of it Heard of it, but I don’t recall the meaning Learned about it, and I know what it means
Interest payment radio button unchecked radio button unchecked radio button unchecked
Compound interest radio button unchecked radio button unchecked radio button unchecked
Exchange rate radio button unchecked radio button unchecked radio button unchecked
Depreciation radio button unchecked radio button unchecked radio button unchecked
Shares/stocks radio button unchecked radio button unchecked radio button unchecked
Return on investment radio button unchecked radio button unchecked radio button unchecked
Dividend radio button unchecked radio button unchecked radio button unchecked
Diversification radio button unchecked radio button unchecked radio button unchecked
Debit card radio button unchecked radio button unchecked radio button unchecked
Bank loan radio button unchecked radio button unchecked radio button unchecked
Pension plan radio button unchecked radio button unchecked radio button unchecked
Budget radio button unchecked radio button unchecked radio button unchecked
Wage radio button unchecked radio button unchecked radio button unchecked
Entrepreneur radio button unchecked radio button unchecked radio button unchecked
Central bank radio button unchecked radio button unchecked radio button unchecked
Income tax radio button unchecked radio button unchecked radio button unchecked
Credit default swap radio button unchecked radio button unchecked radio button unchecked
Call option radio button unchecked radio button unchecked radio button unchecked

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.)

  Yes No Don’t know I don’t have this class
During your mathematics class radio button unchecked radio button unchecked radio button unchecked radio button unchecked
During another class radio button unchecked radio button unchecked radio button unchecked radio button unchecked
During a one-off lesson or activity held during school hours by an outside visitor (not one of your teachers) radio button unchecked radio button unchecked radio button unchecked radio button unchecked
During extracurricular activity outside of school hours radio button unchecked radio button unchecked radio button unchecked radio button unchecked

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.)

  Never Sometimes Often
Describing the purpose and uses of money radio button unchecked radio button unchecked radio button unchecked
Exploring the difference between spending money on needs and wants radio button unchecked radio button unchecked radio button unchecked
Exploring ways of planning to pay an expense radio button unchecked radio button unchecked radio button unchecked
Discussing the rights of consumers when dealing with financial institutions radio button unchecked radio button unchecked radio button unchecked
Discussing the ways in which money invested in the stock market changes value over time radio button unchecked radio button unchecked radio button unchecked
Analyzing advertisements to understand how they encourage people to buy things radio button unchecked radio button unchecked radio button unchecked

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.)

  Yes No
Parents/guardians or other adult relatives radio button unchecked radio button unchecked
Friends radio button unchecked radio button unchecked
Television or radio radio button unchecked radio button unchecked
The Internet radio button unchecked radio button unchecked
Magazines radio button unchecked radio button unchecked
Teachers radio button unchecked radio button unchecked

FL167

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

(Please select one response in each row.)

  Never or hardly ever Once or twice a month Once or twice a week Almost every day
Your spending decisions radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Your savings decisions radio button unchecked radio button unchecked radio button unchecked radio button unchecked
The family budget radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Money for things you want to buy radio button unchecked radio button unchecked radio button unchecked radio button unchecked
News related to economics or finance radio button unchecked radio button unchecked radio button unchecked radio button unchecked

FL156

Do you get money from any of these sources?

(Please select one response in each row.)

  Yes No
An allowance or spending money for regularly doing chores at home radio button unchecked radio button unchecked
An allowance or spending money, without having to do any chores radio button unchecked radio button unchecked
Working outside school hours (e.g., a summer job, part-time work) radio button unchecked radio button unchecked
Working in a family business radio button unchecked radio button unchecked
Occasional informal jobs (e.g., babysitting or mowing lawns) radio button unchecked radio button unchecked
Gifts from friends or relatives radio button unchecked radio button unchecked
Selling things (e.g., at local markets or on eBay) radio button unchecked radio button unchecked

FL159

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

(Please select one response in each row.)

  Strongly disagree Disagree Agree Strongly agree
I can decide independently what to spend my money on. radio button unchecked radio button unchecked radio button unchecked radio button unchecked
I can spend small amounts of my money independently, but for larger amounts I need to ask my parents or guardians for permission. radio button unchecked radio button unchecked radio button unchecked radio button unchecked
I need to ask my parents or guardians for permission before I spend any money on my own. radio button unchecked radio button unchecked radio button unchecked radio button unchecked
I am responsible for my own money matters (e.g., for preventing theft) radio button unchecked radio button unchecked radio button unchecked radio button unchecked

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.)

  Never Rarely Sometimes Always
Compare prices in different stores radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Compare prices between a store and an online store radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Buy the product without comparing prices radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Wait until the price of the product gets cheaper before buying it radio button unchecked radio button unchecked radio button unchecked radio button unchecked

FL161

Do you have any of the following things?

(Please select one response in each row.)

  Yes No I don't know what it is
An account with a bank or credit union radio button unchecked radio button unchecked radio button unchecked
A debit card radio button unchecked radio button unchecked radio button unchecked
A mobile app to access your account radio button unchecked radio button unchecked radio button unchecked

FL162

How confident would you feel about doing the following things?

(Please select one response in each row.)

  Not at all confident Not very confident Confident Very confident
Making a money transfer (e.g., paying a bill) radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Filling in forms at the bank radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Understanding bank statements radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Understanding a sales contract radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Keeping track of my account balance radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Planning my spending with consideration of my current financial situation radio button unchecked radio button unchecked radio button unchecked radio button unchecked

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.)

  Not at all confident Not very confident Confident Very confident
Transferring money radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Keeping track of my balance radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Paying with a debit card instead of using cash radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Paying with a mobile device (e.g., cell phone or tablet) instead of using cash radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Ensuring the safety of sensitive information when making an electronic payment or using online banking radio button unchecked radio button unchecked radio button unchecked radio button unchecked

FL168

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

(Please select one response in each row.)

  Yes No
Checked that you were given the right change when you bought something radio button unchecked radio button unchecked
Talked to someone about the job you would like to do when you finish your education radio button unchecked radio button unchecked
Complained that you did not have enough money for something you wanted to buy radio button unchecked radio button unchecked
Bought something online (alone or with a family member) radio button unchecked radio button unchecked
Did voluntary work radio button unchecked radio button unchecked
Made a payment using a cell phone radio button unchecked radio button unchecked
Bought something that cost more money than you intended to spend radio button unchecked radio button unchecked
Checked how much money you have radio button unchecked radio button unchecked

FL169

To what extent do you agree with the following statements?

(Please select one response in each row.)

  Strongly disagree Disagree Agree Strongly agree
I enjoy talking about money matters. radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Young people should make their own decisions about how to spend their money. radio button unchecked radio button unchecked radio button unchecked radio button unchecked
Money matters are not relevant for me right now. radio button unchecked radio button unchecked radio button unchecked radio button unchecked
I would like to run my own business in the future. radio button unchecked radio button unchecked radio button unchecked radio button unchecked

Thank you very much for your cooperation in completing this questionnaire!

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