HOW DOES THE LACK OF FINANCIAL LITERACY IN LIMA AFFECT CONSUMERS ?
Thats my documentary question. After a tone of time of brainstorming and sharing ideas with the class we got to a conclusion; our project was ready to roll. ----- ---- --- -- - -- --- ---- ------ As a class we help each other forming a united team of innovators that want the best for each other. So you get an idea of what our first question actually was: How are interest rates prone to affect people with a lack of financial literacy in big companies in Lima? When you read this question you immediately get the sense that something is wrong; you get the main theme but not the WHY. As if the question was too closed. Thats why working in team work is the solution to many obstacles in life. | Things to keep in mind :
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- 40% knew how to calculate interest rates
- 31% didnt fully understand the relation between risk and reward
- Also half of the people didn't know that they can reduce their risks through portfolio diversification.
- As expected people with higher education provided the higher number of correct answers for the survey.