Original scientific paper
Autor: dr Milko Štimac
JEL: D14, G11, I25, M41, N73
doi: 10.5937/bankarstvo1403012S
SCINDEX
Summary: Financial literacy is crucial for the development of society. An example of development of recording and settlement of transactions in Serbia, in the period up to the middle 20th century, unambiguously points out in that direction. Financial literacy in itself is being developed on the basis of the interest in improving the ways and conditions for business operations. Hence its natural development is linked with traders, who were the first ones to accept and develop it, in order for it to expand and disseminate on to the other commercial activities, and finally, to embrace the largest possible number of members of the given society.