Financial Education

Financial Education Course Questions How did you manage to pass the financial literacy test?

How did you manage to pass the financial literacy test?



The government’s Financial Literacy Test (FLT) is a tool to measure your financial knowledge.

You need to take the test on a computer, tablet or phone and answer a series of questions about your financial situation.

To pass, you need to have enough knowledge to understand how to budget, invest and manage your money, as well as have some knowledge about what your debts are and what they mean. 

According to the government, more than 20 million people have passed the FLT, with nearly 80 per cent of students passing.

The government has also said that about 1.4 million people in the UK took the test. 

The government says that it uses data collected through the government’s National Centre for Education and Training (NCET) to provide the test, which assesses how well you understand the financial situation of others.

The government is hoping that the test will become a national model for people with more financial resources and is also considering a pilot program to encourage people to take it.

However, many students, especially those from disadvantaged backgrounds, say that the FLQ test is too difficult and not as helpful as other tests they have taken.

In a statement to the BBC, a spokeswoman for the Department for Education said: “The FLQ provides the UK with an opportunity to improve the financial knowledge of the public, which will in turn be more in demand in the future.”

We know that some people have struggled with financial literacy and that this is something that is often not reflected in the assessment.

“The Government is continuing to listen to our research, and we are committed to helping people with financial issues understand how they can best improve their financial situation.”

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