Экономические науки
FINANCIAL COMPETENCE OF CITIZENS AND ITS INFLUENCE ON DEVELOPMENT OF THE FINANCIAL SYSTEM
Bondareva S.A. 1
1. Russian State University of Trade and Economics, Volgograd branch
Abstract:
This article discusses with the modern aspects of the formation of financial competence, the role of financial literacy in the process. Defined the concept of financial competence and financial competence. Address the issues of financial independence of citizens in an information asymmetry, lack of trust in financial markets and perspectives of access to financial services, improving the quality of financial services and the introduction of financial innovations. Allocated targeting financial competence of citizens on the structure of the financial system.
Keywords: financial literacy, financial competence, personal finance, financial system, accountability, financial discipline, innovation, financial market, financial product
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