A widely adopted measurement of FQ is based on a six-category model developed by Yu and Zhang.
On the other hand, the FQ score is an indicator of how confident one can expect when the person is making a financial decision.
It is based on the person's understanding of how the money works and how to conserve and grow one's wealth with a calculated risk.
The FQ score has been used to analyze people's behavior in the financial world, such as using credit cards,[3] purchasing cars and houses, etc.
It is also used to measure and improve financial literacy education [4][5][6] or even social justice [7][8] throughout the world.