The international organization “Standard and Poor’s” has been evaluating the financial knowledge of different nationalities around the world. Approximately, 150,000 people from 140 countries have been involved in the research. To evaluate their knowledge, they have been tested with questions about solving inflation, money rates etc. In Asia, Mongolians took 1st place on their financial knowledge and came in 43rd place internationally. The research concluded that 41% of the Mongolians tested have wide financial knowledge. Russians are also not far behind; 38% of Russians also correctly responded to the tasks. Russia currently stands in 55th place internationally.
Denmark, Norway and Sweden came top of the class with 71% correct answers.
The least financially aware nations were the countries of South Asian as well as Afghanistan and Angola.