Financial Literacy And Financial Behavior Of Management Undergraduates Of Sri Lanka
This study is an evaluation to underpin 'the relationship between financial literacy level and nature of the financial behavior of undergraduates of Sri Lanka. The sample selected is 223 management undergraduates from three main government universities in Sri Lanka. Knowledge on money management, savings, investment, credit and insurance has been considered to measure the financial literacy level and undergraduates current and past manners related to same dimensions is used to measure financial behaviour using questionnaire. The results suggest that financial literacy level of majority of the undergraduates of the three universities is at a moderate level. Multiple Regression Analysis showed that apart from money management financial literacy level on all other dimensions has significant positive effect not only on overall financial behavior but also on individual dimensions.
Index Termsó Financial Literacy, Financial Behavior, Management Undergraduates