A Study on determinants of financial literacy and its impact on investment decisions

Abstract

The meaning of financial literacy is “the ability to understand and be aware of financial concepts and terminology.” At the same time, an investment decision includes collecting, interpreting, and selecting financial information for investment. This study aims to analyze the determinants and impact of FL on investment decisions. This paper helps to identify variables of financial literacy and investment decisions. Some of the papers published between 2010 and 2023 were selected to meet the objective. Prospective results will be utilized to determine the primary variables that characterize financial literacy and to establish the connection between financial literacy and investing choices.