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Level of General Financial Education in Austria “Not Satisfactory”

Published: September 27, 2011; 11:58 · (Vindobona)

Latest survey shows: 4 in 10 Austrians don’t even know where to start when defining term “interest”.

Level of General Financial Education in Austria “Not Satisfactory” / Picture: © Flickr

A study conducted by IMAS International on behalf of Erste Bank und Sparkassen shows that Austrians’ knowledge of finance is this year only graded as “adequate”. Young people in particular cannot explain basic terms such as “interest” and “gross domestic product”. 4 in 10 Austrians don’t know where to start with “interest”. This figure is…

This article includes a total of 249 words.

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