Table 3. Financial knowledge Percentage correct responses (weighted data): all respondents Column Column Column Column Column Column Column Column 1 2 3 4 5 6 7 8 Diversification* Interest paid on Compounding Calculation of compounding Time value of Definition of over 5 years interest plus response to both simple interest and Risk and principal inflation Correct return* money loan Question code QK3 QK4 QK5 QK6 QK5&6 QK7a QK7b QK7c in 2015 toolkit Country Argentina 69 87 22 37 8 68 91 59 Brazil 65 78 50 30 18 84 58 77 Canada 57 93 58 56 39 86 92 68 China 70 78 74 55 42 74 77 57 France 59 94 57 54 34 87 87 75 Germany 71 86 58 53 39 77 80 65 India 41 67 42 35 15 78 73 50 Indonesia 14 76 78 38 36 73 67 48 Italy 48 54 47 33 23 73 71 37 Japan 56 66 43 39 75 61 46 Korea 71 83 52 53 35 88 80 81 Mexico 74 92 12 32 3 80 87 64 Russian 65 46 27 78 67 41 Federation Saudi Arabia 27 69 46 34 33 67 71 60 South Africa 25 70 42 36 13 76 86 55 Turkey 55 84 54 32 19 90 84 74 United 38 83 57 52 36 74 80 52 Kingdom Average, G20 53 80 51 42 27 78 77 59 countries Netherlands 65 92 76 61 56 73 74 53 Norway 76 91 80 65 58 86 74 59