these countries are on open boarder terms and the availability of goods is so

These countries are on open boarder terms and the

This preview shows page 31 - 34 out of 49 pages.

these countries are on open boarder terms and the availability of goods is so similar that the spending pattern is majorly focused on day to day goods. The third chi-square test was done to find the association between spending attitude across nationalities. Based on our research, the sig value was lower than 0.05(0.001), which tells us that there is significant association between these 2 variables. India being a major player in global trade and business has a significantly higher spending attitude towards investment, research and development which Nepal lacks. Hence, we can observe that people’s spending attitude is different between or dependent on nationalities. The fourth chi-
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FINANCIAL LITERACY 32 square test was done to find the association between spending lifestyle across nationalities. Based on our research, the sig value was lower than 0.05(0.006), which tells us that there is significant association between these 2 variables. Hence, people’s spending lifestyle is dependent on their respective countries. Even though India’s population is way higher than Nepal, their average income still far surpasses our own. This results in people opting to live a lavish lifestyle with high spending in India. The fifth chi-square test was done to find the association between personal finance across nationalities. Based on our research, the sig value was greater than 0.05(0.074), which tells us that there is no significant association between these 2 variables. Hence, people’s personal finance is independent of their nationality. People’s personal finance has a wide disparity among each individual. It incorporates so many factors that are mashed in together that it brings out no significance in looking into a particular nationality. The sixth chi-square test was done to find the association between risk appetites across nationalities. Based on our research, the sig value was greater than 0.05(0.052), which tells us that there is no significant association between these 2 variables. Risk appetite as seen from other researches; is highly dependent on family income and spending attitude. It is not affected by nationality in any major way. Limitations Although this research was carefully prepared, we’re still aware of its limitations and shortcomings. Some of the limitations of our study are: 1. This research was conducted only on a small size of population because of the time limit.
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FINANCIAL LITERACY 33 2. Since we used conventional sampling for our study, the results may not be applicable for all the investors. Findings and Conclusion This study analyzed the students’ financial behavior, spending attitude, risk appetite, spending behavior, personal finance, and financial goals across financial literacy and education level amongst college students. From Kathmandu College of Management, the population size was of 150 students, but the responses were only 120. Collected data was described by mean and sig. values, and the 12 hypotheses were tested through independent sample t-test and chi-square test respectively. The findings were as follows: 1. There were a total of 8 variables i.e. six were dependent (perception of affordability,
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