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Table 2 Measurement of variables.

From: How does financial literacy impact on inclusive finance?

Variables

Definition and Measurement

Common variables

Profession

The profession of the respondents (1 = Job, 0 = Business)

Education

The educational level of the respondents (Higher education = 5, Below HSC = 4, Below SSC = 3, Primary = 2, No = 1)

Income

The income range of the respondents (50,000 Plus = 5, 30,000–50,000 = 4, 20,000–30,000 = 3, 10,000–20,000 = 2, Below 10,000 = 1)

Banking variables

Bank account

Whether the respondent has a bank account or not (dummy)

Deposit & withdraw ability

Respondents' ability to deposit into a bank account (dummy)

Bank training

Whether the respondents have training on banking services (dummy)

Kn DPS & loan

The knowledge level of respondents on bank deposits or savings (Excellent = 5, Very Good = 4, Good = 3, Fair = 2, Poor = 1)

Kn DPS & Loan Int. rate

The knowledge level of respondents on saving interest rate (Excellent = 5, Very Good = 4, Good = 3, Fair = 2, Poor = 1)

Kn of security money

The knowledge level of respondents on bank security money (Excellent = 5, Very Good = 4, Good = 3, Fair = 2, Poor = 1)

Bank Kn instalments

The knowledge level of respondents on bank instalments (Excellent = 5, Very Good = 4, Good = 3, Fair = 2, Poor = 1)

Microfinance variables

Microfinance account

Whether the respondent has a Microfinance or NBFIs account (dummy)

Deposit & withdraw ability

Respondents' ability to deposit money to their account (dummy)

MF training

Whether the respondents have training on different services relating to microfinance or NBFIs (dummy)

Kn savings & loan

The knowledge level of respondents on deposits or savings to micro-finance (Excellent = 5, Very Good = 4, Good = 3, Fair = 2, Poor = 1)

Kn savings & loan Int, rate

The knowledge level of respondents on the micro-finance saving interest rate (Excellent = 5, Very Good = 4, Good = 3, Fair = 2, Poor = 1)

Kn security money

The knowledge level of respondents on micro-finance security money (Excellent = 5, Very Good = 4, Good = 3, Fair = 2, Poor = 1)

Kn installment

The knowledge level of respondents on micro-finance instalments (Excellent = 5, Very Good = 4, Good = 3, Fair = 2, Poor = 1)

FinTech variables

FinTech account

Whether the respondent has a mobile banking account (dummy)

Send & withdraw money

Whether the user can send money to others account (dummy)

FT training

Whether the users have training on mobile banking (dummy)

FT bill pay

The ability to pay different bills of government services such as electricity bills, gas bills, and other government services bill (dummy)

FT software use

Whether the respondents can operate the software or they use the key-press options (dummy)

FT online deal

Whether the respondents can deal in online shopping with their mobile banking account (dummy)