Measuring Digital Financial Literacy.

In recent times, the landscape of financial literacy has been evolving to accommodate new trends driven by the growing prominence of digital finance. This shift has underscored the vital need for developing digital financial literacy (DFL). Scientists and researchers have increasingly recognized the crucial importance of acquiring the knowledge and skills required to navigate the complexities of digital transactions, crypto currencies, online banking, and digital investment platforms. In our study conducted in Bosnia and Herzegovina, we utilized the 2022 OECD survey questionnaire for this purpose. Employing various data collection methods, including Paper and Pencil Interviewing, Computer-Assisted Personal Interviewing, and Computer-Assisted Telephone Interviewing, we gathered a substantial dataset comprising 1,096 fully completed questionnaires. Our primary contribution lies in the assessment of DFL scores among adults in Bosnia and Herzegovina, marking the first study of its kind in this transitional and developing nation. Furthermore, our research identifies notable personal background and socio-demographic disparities in DFL levels, rooted in factors such as age, gender, urban or rural residence, education, income and internet access, but also self-awareness of financial knowledge, owning a current account and a credit card. The survey results underscore the prevailing low levels of DFL in Bosnia and Herzegovina, with an overall score of 3.83 out of 10, highlighting the urgency for government intervention in addressing this issue. [ABSTRACT FROM AUTHOR]