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What is Financial Literacy

Handbook of Research on Multidisciplinary Approaches to Literacy in the Digital Age
Understanding and writing the fundamental principles of finance and concerning business.
Published in Chapter:
Business Literacy Education in the Digital Age
Ozlem Geylani (Istanbul Technical University, Turkey)
DOI: 10.4018/978-1-7998-1534-1.ch006
Abstract
The digital world currently presents many learning tools and knowledge sources about business literacy. Considering today's learners, digital improvements suggest time-saving learning tools and processes for individual or mass learning activities. Since the industrial age and through the knowledge age, we still use and improve network elements in the digital age. Computers, tablets, televisions, cell phones are instantly becoming the distributors of knowledge in or out of spaces. However, learners in the digital age by the freedom of internet connection points may easily reach to videos, podcasts, or especially, to games that are based on individual learning activities. In respect to the aim of this chapter, an overview is targeted about the understanding of business literacy in the digital age, and it also mentions financial literacy as a supporting literature review. The research finally proposes a realization on the dilemma of the abundance of the knowledge in business and financial literacy leaving out the scarcity of digital tools and sources.
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More Results
The Economic and Social Value of Financial Literacy
A combination of awareness, knowledge, skill, attitude, and behavior necessary to make sound financial decisions and ultimately achieve individual financial well-being.
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The Role of Financial Literacy in Financial Behaviour in Angola
It's related to the way we deal with finances in our daily lives.
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Acquisition of Financial Literacy as a Life Skill: A Study on Financial Literacy Awareness of Students
it is to be able to master and apply all the general information about finance, which is a life skill.
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Financial Scams Through Ponzi Schemes: The Case of CIS Countries
The measure of an individual’s or society’s understanding of financial knowledge to make correct investment and financing decisions. It can also cover other measures such as components of financial behaviour or attitude.
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Equitable Higher Education Opportunities and TILT Strategies
A set of skills or knowledge where individuals can make informed, sounds, and effective decisions with their financial resources.
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How Can We Transform Content Into Game Mechanics?: Designing and Developing Financial Literacy Games
A competence that allows individuals to plan, execute, and control their financial decisions effectively.
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The Herding Behavior of Investors in the Indian Financial Market: An Insight Into the Influence of Social Media
It means the skills, knowledge or behaviour that an individual exhibit and applies to various financial scenarios in order to effectively earn, save, invest and budget as well as borrow in terms of money.
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Financial Literacy for Families: Perspectives in Portugal and Brazil as a Driver to Promote the Smart Economy in the Post-COVID Era
Consists of specific knowledge related to monetary, economic, or financial issues and decisions that individuals and families can outline as strategies for financial decision-making.
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Financial Inclusion in China: Determinants, Implications, and Path Forward
The ability to understand and make informed decisions about various financial matters, including savings, investment, and debt management. Financial literacy programs aim to educate individuals about their financial rights and responsibilities.
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The Study of Developing a Financial Literacy Scale for University Students in the Digital Era: Evidence From Inonu University
The ability of individuals to use money rationally. Indicator of how theoretical financial knowledge transforms into practical use in daily life.
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The Role of Social Media in Empowering Digital Financial Literacy
This refers to the knowledge, skills, and attitudes that enable individuals to understand financial concepts and make informed decisions about money management, investment, and debt.
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The Impact of Financial Literacy on Financial Preparedness for Retirement in the Small and Medium Enterprises Sector in Uganda
The ability to understand and effectively use various financial skills, to manage one’s money and make prudent financial decisions that will guarantee financial wellbeing.
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Financial Well-Being among Young Employees in Malaysia
Financial literacy can be defined as possessing of knowledge necessary in order to understand concepts related to finance (OECD, 2011 AU75: The in-text citation "OECD, 2011" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. ).
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Problem of Financing Women Entrepreneurs: Experience of Women Entrepreneurs in Post-Conflict Bosnia and Herzegovina
Ability to use knowledge and skills for effective financial management to improve the financial wellbeing of an individual and society and enable active participation in economic flows.
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Financial Literacy: Gaps Found Between Mexican Public and Private, Middle, and High-School Students
A combination of financial knowledge, attitudes and behaviors, key for making informed decisions and solving financial problems.
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Financial Literacy Practices as a 21st Century Skill in Turkey and the World Within the Framework of Public Administration Policy
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The Urgency of Digital Financial Services in Islamic Boarding Schools to Improve Financial Literacy
Financial literacy is knowledge, skill, and belief that influence attitude and behavior to improve the quality of decision-making and financial management in order to achieve prosperity.
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The Role of Financial Inclusion: Does Financial Inclusion Matter?
Financial literacy is the set of following items: knowledge about financial concepts/products/services, competence to use financial concepts/products/services, ability to take financial decisions (i.e., transmission to behavior), confidence in financial operations.
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Financial Education
The capacity of students to apply knowledge and skills in key subject areas and to analyse, reason, and communicate effectively as they pose, solve, and interpret problems in a variety of situation.
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Financial Literacy and Innovation Performance in SMEs: The Mediating Effect of Risk-Taking
Understanding of financial aspects and the application of this knowledge on a personal and a professional level.
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Financial Education for Children and Youth
Is the information for financial consumers (ie person, family, community) increase their awarness about the risks and opportunities within financial products and concepts in order to increase their level of welfare respectively.
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The Effect of Financial Literacy and Mobile Payment on Financial Inclusion
Financial literacy is the ability to understand and use financial concepts and tools to make informed decisions about money. It involves knowledge and understanding of subjects such as savings, investments, budgeting, credit, insurance and financial planning.
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Exploring the Possibilities of Artificial Intelligence and Big Data Techniques to Enhance Gamified Financial Services
The degree to which individuals have the capacity to understand and effectively use various financial skills, including personal financial management, budgeting, or investing.
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Mapping Research Gaps in Reported Skills Required for Women Entrepreneurs in Industry 4.0
Financial literacy denotes the comprehension and awareness of financial concepts and practices necessary for individuals to make informed and effective decisions regarding money. This knowledge includes areas such as budgeting, saving, investing, debt management, understanding financial statements, and overall financial planning. Financial literacy is essential for individuals to adeptly navigate personal and business financial matters.
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