Financial literacy in the business field is assessed through a range of methods including questionnaires, quizzes, case studies, role-playing exercises, standardized tests, workshops, seminars, and practical assessments. These assessments help gauge an organization's understanding and application of financial concepts crucial for effective decision-making and success in the business world.

The four main pillars of financial literacy typically include:

1. Budgeting and Financial planning

2. Saving and Investing

3. Debt Management

4. Understanding Financial Products and Services

The percentage of professionals who can pass a financial literacy test varies depending on factors such as their education, training, and experience in finance-related fields. Generally, professionals with backgrounds in finance, accounting, economics, or related disciplines may have higher pass rates compared to those in other fields. However, studies have shown that overall, financial literacy levels are often lower than desired across various demographics, indicating that a significant portion of professionals may struggle with passing a comprehensive financial literacy test.

Becoming financially literate can be challenging, but it is certainly achievable with dedication and effort. While some concepts may seem complex at first, taking the time to learn and understand them can significantly improve financial literacy over time. Additionally, there are numerous resources available, such as books, online courses, workshops, and financial advisors, that can help individuals enhance their financial knowledge and skills. Ultimately, developing financial literacy requires ongoing learning, practice, and a willingness to make informed financial decisions.

The three keys to financial literacy are typically considered to be:

1. Knowledge: Understanding fundamental financial concepts such as budgeting, saving, investing, debt management, and financial planning.

2. Skills: Developing the ability to apply financial knowledge effectively in real-life situations, including making informed decisions about budgeting, investing, borrowing, and managing financial risks.

3. Behavior: Cultivating responsible financial behaviors and habits, such as setting financial goals, living within one's means, saving regularly, avoiding debt traps, and planning for the future.

To increase your business financial literacy, here are a few steps to get started:

1. Educate yourself on basics like financial statements and analysis.
2. Seek mentorship or guidance from experienced professionals.
3. Analyze real-life scenarios to practice financial skills.
4. Stay updated on industry trends and regulations.
5. Practice financial management actively.
6. Continuously seek opportunities for improvement