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What is Numeracy

Emerging Tools and Strategies for Financial Management
The ability to understand and work with numbers.
Published in Chapter:
The Role of Financial Inclusion: Does Financial Inclusion Matter?
Ulkem Basdas (Philip Morris International, Portugal)
Copyright: © 2020 |Pages: 32
DOI: 10.4018/978-1-7998-2440-4.ch011
Abstract
This chapter highlights the importance of financial education, its link with financial decision-making process, comparative status of different countries, and efforts to improve current situation. Unfortunately, there is no standard definition for neither financial education nor measures to quantify it. Therefore, this chapter first aims to provide a comprehensive definition in order to explain how financial knowledge affects the decision-making process. Then, financial literacy measures from previous studies over different countries would be discussed to show financial illiteracy problem is global. Lastly, solutions and recommendations would be discussed at three different levels: younger people, individuals, and national strategies.
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More Results
The Economic and Social Value of Financial Literacy
The ability to reason and to apply simple numerical concepts. Basic numeracy skills consist of comprehending fundamental arithmetic like addition, subtraction, multiplication, and division.
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The Cognitive Foundations of Early Childhood Numeracy
A suite of skills that reflect an understanding of numbers, such as counting, recognizing equivalence between sets, and interpreting the meanings of number words and written numerals.
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Reconceptualisation of Learning Objects as Meta-Schemas
The ability and disposition of children to use mathematics effectively to meet the demands of life at home and work.
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Using Sports to Motivate Math Learners: Examples for Teaching Mathematical Literacy
The ability to understand and interpret numbers with confidence, and use them to solve real world problems.
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Investigating the Adult Learners' Experience when Solving Mathematical Word Problems
Describes an accumulation of skills, knowledge, beliefs, dispositions, communication resources, and problem-solving skills that individuals need in order to separately engage and effectively manage numeracy situations that involve numbers, quantitative or quantifiable information, and visual or textual information, that are based on mathematical ideas or have embedded mathematical elements (Gal, 2000 AU150: The citation "Gal, 2000" matches multiple references. Please add letters (e.g. "Smith 2000a"), or additional authors to the citation, to uniquely match references and citations. ).
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