In: Empirische Pädagogik 2018 – 32 (3+4):

The measurement properties of the Basic Finance Test for children and the Test of Financial Knowledge for youtheBook

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The Basic Finance Test (BFT) and Test of Financial Knowledge (TFK) offer standardized measures of the understanding of personal finance concepts that experts think should be understood prior to attending a U.S. high school. The National Standards for Financial Literacy describes standards and benchmarks at the fourth-grade and also the eighth-grade levels that serve as the financial literacy content for each test. This study reports on the development of the test items, the relationships of the test items to the financial literacy standards, and how the items worked with a sample of 475 students from 15 U.S. elementary or middle schools. The test scores and item data are first analyzed from a classical test theory (CTT) perspective to provide evidence about the reliability and validity of each test. Further analysis is conducted with each test using item response theory (IRT). The test score results from the samples from each test suggest that the BFT and TFK offer teachers and researchers with valid, reliable, and useful instruments to measure understanding of personal finance before high school.

Bibliographische Angaben

Der Beitrag ist in folgendem Heft erschienen
Manuel Förster, Roland Happ, William B. Walstad und Carlos J. Asarta (Hrsg.)

In: Empirische Pädagogik 2018 – 32 (3+4) [digital]:

Financial literacy of students and young adults

Determinants and impacts

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Herausgeber*innen Manuel Förster
Roland Happ
William B. Walstad
Carlos J. Asarta
Autor*innen William B. Walstad
Ken Rebeck
Band/Heft 3+4
Erscheinungsjahr 2018
Jahrgang 32
ISBN-13 978-3-944996-55-4
ISBN-10 3-944996-55-0
ISSN 0931-5020
Seiten 245
Sprache Englisch
Dateiformat DRM-freies Portable Document Format (.pdf)