IDEAS home Printed from https://ideas.repec.org/a/eco/journ3/2020-03-6.html
   My bibliography  Save this article

Financial Literacy of Economics and non-Economics Students

Author

Listed:
  • Ascaryan Rafinda

    (University of Debrecen, Károly Ihrig Doctoral School of Management and Business, Hungary,)

  • Timea Gal

    (University of Debrecen, Faculty of Economics and Business Institute of Marketing and Commerce, Hungary)

Abstract

This research aims to identify the level of financial literacy of college students in economic faculties and non-economic faculties in Indonesia. This research was conducted to determine the understanding of students’ financial literacy score in the economic and non-economic faculties. The survey was conducted to test the level of student financial literacy at various University in Indonesia. This survey used objective measures of financial literacy, and the student gets the question and gets the score based on the correct answer from participants. In total, there were 206 participants from students in Indonesia who participate in the survey. An independent sample T-Test was conducted to determine differences in the level of understanding of students in the two groups. This research found that financial literacy score is differences between economic and non-economic students. Even the economics student has higher score compare to the non-economics student, but the score still below 70% for basic personal finance questions. This research implies that student on both study field needs to get personal finance courses on campus.

Suggested Citation

  • Ascaryan Rafinda & Timea Gal, 2020. "Financial Literacy of Economics and non-Economics Students," International Review of Management and Marketing, Econjournals, vol. 10(3), pages 35-38.
    • Handle: RePEc:eco:journ3:2020-03-6
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/irmm/article/download/8974/pdf
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/irmm/article/view/8974/pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Personal finance; financial literacy; College student.;
    All these keywords.

    JEL classification:

    • G53 - Financial Economics - - Household Finance - - - Financial Literacy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ3:2020-03-6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.