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Financial Literacy and Stock Market Participation (PDF)
University of Michigan Retirement Research Center [MRRC] 
Oct. 24, 2007 48 pages. Excerpt: To better understand financial literacy and its relation to financial decision-making, we have devised two special modules for the DNB Household Survey. We have designed questions to measure numeracy and basic knowledge related to the working of inflation and interest rates, as well as questions to measure more advanced financial knowledge related to financial market instruments (stocks, bonds, and mutual funds). MORE >> |
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