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Representational Visuals of Abstract Financial Concepts: A Means to Foster Financial Literacy
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Awais Malik; Bärbel Fürstenau – Citizenship, Social and Economics Education, 2024
Financial literacy is crucial for making sound financial decisions and living a better life. However, the field of finance is full of abstract concepts, such as inflation, liquidity, asset allocation and credit. Abstract concepts may be harder to comprehend than concrete concepts due to their lack of tangible referents in the physical world. In…
Descriptors: Teaching Methods, Financial Literacy, Schemata (Cognition), Figurative Language