Alexandra Horobe?|Vrînceanu Georgiana|Gheorghe Hurduzeu|Radu Lupu
Financial Literacy in Romania: A Test of Economics and Business Students
Bucharest University of Economic Studies|Bucharest University of Economic Studies|Bucharest University of Economic Studies|Bucharest University of Economic Studies
abstract romania rather dishonorable position financial literacy perspective european union ranking last among countries increase level financial education romanian population public private institutions organizations companies recently taken initiative field mostly 2015 contribution builds recent developments aims testing level basic financial literacy romanian university students enrolled business economics studies using oecd financial literacy test data collected online survey voluntary basis responses analyzed using statistical indicators results indicate rather high level financial literacy among students also significant differences among respondents may explained several demographic characteristics specific attributes important characteristics influence degree financial literacy students age students cycle studies way students live property ownership students involvement financial market transactions contracts stress towards need act concrete measures improve young people financial literacy necessary condition navigate increasingly complex environment finance plays essential role