15 short-duration games aiming to improve adults’ financial literacy in topics such as "Money and Transactions", "Planning and Management" and "Risk and Credit", are now available targeting adults with low financial literacy levels.
The objective of the series of games is to allow adults to develop their financial literacy levels on the use of money in day-to-day transactions, on the use of different types of rates such as interest rates, exchange rates or discount rates on prices, understanding better what a family budget is and how can be efficiently managed, access to credit and the different options that may exist, how to save money over time and plan a reform or how to diversify an asset portfolio.
The mini-game "Find the wat out", explores the concept of Value Added Tax (VAT) and generates awareness on how different taxes could change the final value of a product or a service. By playing this game, users will be able of recognizing that VAT rates applied in the Member States European Union are not always the same and that when buying goods and services, it is crucial to consider all the variables, namely the VAT rates. This will empower the consumer and will help him to make the best choices for yourself. You can access the game here.
This game is included in the topic Money and Transitions aimed help the users in identifying and understanding business transactions using a discount, interest, taxes, and currency conversions.
Play the game and let us know what you think about it.