News
Czech secondary school students Europe's best in finance literacy /01. 09. 2010/
Czech secondary school students finished the best in Europe in a test of financial literacy organised by the NGO Junior Achievement along with the Citi Foundation, the two organisations' representatives have told CTK.
The test involved almost 3000 students from 12 European countries. Young Europeans did markedly better in the test than their peers from the U.S. "The Czech students achieved the important victory when they finished first with the highest number of correctly answered questions, ahead of Bulgaria and Britain," Junior Achievement executive director Josef Mueller said. The questions checked how students understand basic financial principles and terms.
European students correctly answered almost 63 percent of the questions, while the U.S. students achieved 48-percent success. The Czech Education Ministry made financial literacy a part of school curricula last year. It is not a compulsory subject, it is up to schools to offer such lessons. A previous research by the Finance Ministry showed that Czechs have a low knowledge of the area of finance and banking. The special lessons are to help people better manage their household budgets and avoid a debt trap.
Source: Prague Daily Monitor, 01.09.2010. Full article can be found here.
