Fintech Penetration, Financial Literacy, and Financial Decision-Making: Empirical Analysis Based on Tar

Table 2

The evaluation index system of rural residents’ financial literacy.

First level indicator criteria	Second level indicator	Third level indicator	Marking
Subjective financial literacy	Financial products self-awareness	Ability to analyze whether financial products are legal or not, determining risk and return and accepting information
	Financial knowledge self-assessment	RMB authenticity recognition, bancassurance business understanding, policy understanding, internet payment
			Adding the scores of the seven indicators directly
	Basic financial knowledge	Stock knowledge understanding, financial knowledge mastery
	Understanding and application of financial knowledge	Interest rate comparison, compound interest calculation, insurance limit selection
	Awareness of financial responsibility	Credit responsibility awareness, credit status disclosure
			Using the coefficient of variation method to assign weights and score comprehensively
Objective financial literacy	Risk and reward	Risk and return perception
	Asset planning	Choice of saving methods, preference for investment and financial management
Financial technology penetration	Financial technology supply and demand status	Supply status	Adding the two levels of scores together
		Demand scale