The Financial Knowledge Scale: An Application of Item Response Theory to the Assessment of Financial Literacy

By Melissa A. Z. Knoll, Carrie R. Houts. 2012

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Financial Literacy, Financial Education, and Downstream Financial Behaviors (2014, methodology): “…measures that were not subjected to standard psychometric tests to establish unidimensionality, reliability, and validity, and to establish that the measures of financial literacy represented a construct that was distinct from other correlated traits (Bearden et al. 2011; cf. Knoll and Houts 2012).”
Age differences in consumer financial capability (2015, background): “2010), validation of the measures (Knoll and Houts, 2012), its relevance to product design (West, 2012), and consumer ability to correctly answer financial quiz questions (Schmeiser”
Financial literacy and fraud detection* (2019, unknown): “Following Knoll & Houts (2012), we measure ﬁnancial knowledge of respondents using nine survey questions, eliciting their understanding of ﬁnancial concepts such as long-term returns on investments, stocks vs. bonds vs. savings volatility, beneﬁts of diversiﬁcation, and the relationship bond prices…”