A Personal Finance Final Exam Doesn’t Tell the Whole Story
A personal finance final exam on its own doesn’t say much. It must be put in context by referencing it to another exam or data from a different time. For example, pre- and post-exams can show an improvement over time. The more planned and purposeful your testing curriculum, the more valuable information can be derived. If you want to take a personal finance exam, just pick your topic, submit the quiz and we’ll email your results.
A NFEC Personal Finance Exam Exposes More Than Other Tests
We measure gains in content knowledge and stress recognition of the first step, where students are made acutely aware of the first step to take toward financial health. We look deeper than traditional personal finance definitions to discover students’ financial sentiments. Attitudes toward money should be actively addressed and measured as part of the curriculum. We also monitor financial behavior, which is where the rubber meets the road. Without a positive improvement in financial behavior, a program cannot be deemed a success.
We base success on a student’s improved financial situation well after the program ends and issue personal finance certificates to those who complete ongoing training.
A Personal Finance Final Exam Review Can Expose Valuable Data
Among other valuable data, our personal finance final exams track improvement in levels of understanding. The information that comes back from the personal finance quiz tells us the optimum level at which to teach the material for maximum student engagement. Following Webb’s Depth of Knowledge framework, students cannot be expected to think strategically about a subject directly after gaining the ability to recall and reproduce the material. It’s important to select personal finance questions that align with the depth of knowledge to which you are bringing participants. That’s because the step of understanding the skills and concepts has been skipped. Trying to force advanced learning only results in frustration and lack of confidence and might pose a threat to otherwise sound programs.
