Mongolia was ranked 43rd in the very first Global Financial Literacy Survey which was released on November 18 by the US Standard & Poor’s Ratings Services LLC.
Mongolia topped Central Asia region according to the survey.
The survey results come from interviews conducted with more than 150,000 adults in more than 140 countries who were tested on their knowledge of four basic financial concepts: numeracy, interest compounding, inflation, and risk diversification. Gallup as part of the Gallup World Poll collected the data in 2014 and researchers at the World Bank Development Research Group and the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University provided analytical support.
41% of the Mongolian population is regarded as people with financial knowledge, while 38% of Russian population completed the test correctly, ranked 55th place in the survey.
Denmark, Norway and Sweden led the survey, as South Asian countries, Afghanistan and Angola completed bottom countries.
Source: www.mhfi.com
Mongolia was ranked 43rd in the very first Global Financial Literacy Survey which was released on November 18 by the US Standard & Poor’s Ratings Services LLC.
Mongolia topped Central Asia region according to the survey.
The survey results come from interviews conducted with more than 150,000 adults in more than 140 countries who were tested on their knowledge of four basic financial concepts: numeracy, interest compounding, inflation, and risk diversification. Gallup as part of the Gallup World Poll collected the data in 2014 and researchers at the World Bank Development Research Group and the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University provided analytical support.
41% of the Mongolian population is regarded as people with financial knowledge, while 38% of Russian population completed the test correctly, ranked 55th place in the survey.
Denmark, Norway and Sweden led the survey, as South Asian countries, Afghanistan and Angola completed bottom countries.
Source: www.mhfi.com