financial Literacy in the Philippines 2021: Here's what we learned
For years now, the rate of financial literacy in the Philippines has been substantially low. A survey conducted by the Bangko Sentral ng Pilipinas (BSP) before the COVID-19 pandemic revealed that only 1 of 3 questions on financial literacy could be answered correctly by Filipino adults. Only 8% of those surveyed were surveyed to answer all three correctly, and about one-fourth scored a zero.
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