Andrew Abraham
Level of knowledge in personal finance by university freshmen business students
University of Cape Coast
objective study determine well recent senior high school graduates understand basic consumer financial concepts ascertain financial topics significant proportion students admit knowledgethe sample research consisted firstyear degree students business major university cape coastthere 343 613 businessmajor firstyear students enrolled school business tested 20 multiplechoice questions dealing basic knowledge financial issues understood order function everyday lifeof 190 male 152 femalethe highest test score 75 achieved 1 student lowest 5 achieved 7 studentsthe average score 3587 students median score 35unlike previous studies students offered opportunity respond dont know questionon 15 20 questions students selected incorrect answers selecting dont know answer