Financial Literacy Among Students
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Department of Management
Abstract
This study surveys 200 plus two students among Bharatpur metropolitan city to
examine their financial literacy; the impact of demographic, educational and personality
characteristics on financial literacy. The research is a descriptive and analytical research
design. The main research strategy used in this study is a survey questionnaire which
allows quantitative data collection and analyzed. Mean, ANOVA and Independent
Sample T-Test were used in carrying out analysis.
Results show that most of the students have lower Level of financial knowledge but
they lack in understanding of money illusion, compound interest and inflation. Students
are highly influenced by their life experience and job and they have positive attitude
towards savings. The study further identified income, education Level, education
stream and financial behavior as determinants of financial knowledge; and financial
knowledge is unaffected by gender, financial influence and financial attitude. It is
concluded that students have lower Level of financial knowledge. However, overall
financial knowledge of the students is affected by some of their demographic,
educational and personality characteristics.
The study can be useful for Nepal Rastra Bank, stakeholders, banking and Financial
Institutions, researcher, general public and more for introduce new policy and rule for
improving level of literacy among students. The government need to know or
understand and implement the policy and strategy for financial literacy program for
developing or upgrading overall academic financial condition. It can be beneficially for
whole nation and individuals. New researcher can be added other students from
different Level, stream, city and sectors as well. Similarly, research consists with an
independent variable namely demographic variables thus new researcher can be added
social variables, economic variables and others variables as an independent variable.
Key word: Financial Literacy, Financial Knowledge, Financial Behavior, Financial
Influences, Financial Attitude, +2 students, Chitwan, Nepal .