How Money Smart Are You? Play Cranial Cash Clash
In the 2009 budget, the Minister of Finance established a national task force dedicated to the issue of financial literacy. Appointed in June 2009, the Task Force on Financial Literacy was comprised of 13 members, drawn from the business and education sectors, community organizations and academia. One of the key recommendations was the need for a financial literacy self-assessment tool that Canadians can use for themselves.
One such organization that takes financial literacy seriously is the Investor Education Fund (IEF), established as a non-profit organization by the Ontario Securities Commission (OSC) . It develops and promotes unbiased, independent financial information, programs and tools to help consumers make better financial and investing decisions. Their website is at http://www.getsmarteraboutmoney.ca
On January 26, 2012, the IEF launched Canada’s first-ever Financial Literacy Assessment Game on their website. It’s The Cranial Cash Clash. There are five sections as follows: debt drama, quest to invest, scam exam, saving for school and investment shopping. There are eight questions in each section and after completing the tests myself, I can say they are well thought out, educational and challenging.
The Puck Stops Here
At the upcoming Kingston Frontenacs versus Belleville Bulls OHL game on Friday February 10th, the Investor Education Fund will be at the game as part of their ongoing efforts to engage Canadians to get smart about money. Fans will be invited to try the new Cranial Cash Clash at their interactive booth as well as showcasing other tools to help you get smart about money.
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