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THE LITERACY TEST WAS PROPOSED TO BE MADE MANDATORY WHEN RECEIVING THE FIRST LOAN

... New People party. According to TASS, the corresponding proposal was sent by the State Duma deputy to the head of the Central Bank, Elvira Nabiullina. According to Demin, the literacy test should include information about the actual amount of overpayments ... ... mandatory introduction of a financial literacy test when receiving the first loan should help reduce the number of impulsively taken loans. Also, such an innovation will help reduce the risks of falling into a debt trap.

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