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Singapore sees largest decline in financial literacy across Asia Pacific

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Singapore has fallen to sixth place for financial literacy, recording the largest decline out of 16 Asia Pacific markets, according to a annual survey by MasterCard.

[SINGAPORE] Singapore has fallen to sixth place for financial literacy, recording the largest decline out of 16 Asia Pacific markets, according to a annual survey by MasterCard.

The key reason for the overall decline in financial literacy here seems to be a fall in consumers' understanding of basic money management, said MasterCard.

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