Financial literacy and risk tolerance towards saving and investment: a case study in Malaysia

• Main Authors: Zakaria, Zukarnain, Mohamad Nor, Siti Maisarah, Ismail, Mohd. Roslan
• Format: Article
• Language: English
• Published: EconJournal 2017
• Subjects: HG Finance
• Online Access: http://eprints.utm.my/id/eprint/80596/1/ZukarnainZakaria2017_FinancialLiteracyandRiskTolerance.pdf; http://eprints.utm.my/id/eprint/80596/; https://www.econjournals.com/index.php/ijefi/article/view/5113

Innovation in the financial market has provided more flexible choices of financial products and services to the consumers. Financial products and services are becoming more complex and not easily comprehendible by many consumers. Due to this, consumers with low financial literacy (FL) may face diffi...