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ERIC Number: EJ928475
Record Type: Journal
Publication Date: 2011-May
Pages: 5
Abstractor: As Provided
Reference Count: N/A
ISSN: ISSN-1360-2322
Coins and Costs: A Simple and Rapid Assessment of Basic Financial Knowledge
Willner, Paul; Bailey, Rebecca; Dymond, Simon; Parry, Rhonwen
Journal of Applied Research in Intellectual Disabilities, v24 n3 p285-289 May 2011
Introduction: We describe a simple and rapid screening test for basic financial knowledge that is suitable for administration to people with mild intellectual disabilities. Method: The Coins and Costs test asks respondents to name coins, and to estimate prices of objects ranging between 1 British Pound (an ice cream) and 100K British Pounds (a small house). The test was administered, alongside a battery of neuropsychological tests, to 40 people attending day services (mean Full-Scale IQ = 59.1). Results: Total scores were normally distributed, and correlated significantly with receptive language ability and performance on memory tests, but not with IQ or executive functioning. Conclusion: The test provides a rapid (less than 5 min) screening test that has good psychometric properties and appears very suitable for assessing basic financial knowledge of people with mild intellectual disabilities.
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Publication Type: Journal Articles; Reports - Research
Education Level: Adult Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: United Kingdom