16 August 2024

Financial literacy top of agenda

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. According to Stanford Business School, how many adults globally are financially literate?

  2. What percentage of European consumers have suffered financial loss because of online scams or fraud?

  3. Out of the following four countries, which has the lowest average financial literacy score?

  4. Which of the following statements is true? Statement 1, in Ireland, basic numerical skills are strong, or statement 2, In Ireland, knowledge of savings and tax reliefs is weak

  5. How much is the Bank of Ireland planning to invest in financial education in 2024-25?

  6. What has helped Denmark to achieve a 71 per cent financial literacy rate?

  7. Which of the following statements is true? Statement 1, the NFLS report recommends adding financial literacy to the school curriculum, or statement 2, the NFLS report recommends teaching financial literacy to SMEs

  8. Among which group did the NFLS find a growing interest in crypto?

  9. What issue did the NFLS report find about current financial literacy initiatives?

  10. When does the Department of Finance intend to publish final details of the NFLS?

1 Unit