Empirical Research in Vocational Education and Training

Table 5 Financial knowledge test: summarised item statistics by country

From: A comparative analysis of the OECD/INFE financial knowledge assessment using the Rasch model

	Most difficult						Least difficult
Austria	QK6	QK7c	QK3	QK5	QK7b	QK7a	QK4
Austria	2.67	.73	.48	.21	− 1.21	− 1.35	− 1.53
Brazil	QK6	QK5	QK7b	QK3	QK7c	QK4	QK7a
Brazil	3.13	.67	.17	− .23	− 1.03	− 1.07	− 1.64
Canada	QK6	QK3	QK5	QK7c	QK7a	QK7b	QK4
Canada	2.49	1.15	1.09	.4	− 1.16	− 1.91	− 2.06
Croatia	QK6	QK3	QK5	QK7c	QK7a	QK7b	QK4
Croatia	2.65	.48	− .11	− .28	− .52	− .81	− 1.41
Finland	QK6	QK7b	QK7c	QK5	QK3	QK7a	QK4
Finland	2.41	1.53	.97	− .05	− .44	− 1.21	− 3.21
Hong Kong	QK6	QK7c	QK5	QK3	QK4	QK7a	QK7b
Hong Kong	3.18	1.27	.79	.39	− 1.47	− 1.85	− 2.32
Hungary	QK6	QK5	QK7c	QK3	QK7a	QK7b	QK4
Hungary	3.67	1.19	.35	.19	− 1.27	− 1.84	− 2.3
Jordan	QK6	QK3	QK5	QK7b	QK4	QK7c	QK7a
Jordan	3.3	.79	.43	− .77	− .8	− 1.14	− 1.82
Russia	QK6	QK5	QK7c	QK3	QK7b	QK7a	QK4
Russia	2.85	.85	.3	− .04	− .1	− .99	− 2.86
South Africa	QK6	QK3	QK5	QK7c	QK4	QK7a	QK7b
South Africa	2.82	1.56	.71	− .13	− .95	− 1.57	− 2.44
UK	QK6	QK3	QK7c	QK5	QK7a	QK7Bb	QK4
UK	1.51	1.44	.81	.07	− .74	− 1.26	− 1.83

Obs. the most and least difficult values are showed in italics
QK3: Time value of money; QK5: Interest plus principal; QK7a: Risk and return; QK4: Interest paid on loan; QK6: Compound interest; QK7b: Inflation; QK7c: Diversification

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