financial literacy philippines thesis

�+ }O��Ha�Q�Fs�e���Ѡ�:�1 Financial Literacy A: n Overview of Practice, Research, and Policy Sandra Braunstein and Carolyn Welch, of the Board's Division of Consumer and Community Affairs, pre-pared this article. �J��g!g�m�b03��O!�X�_�:�`/��/�oO�7pV�n�}�����Q~I�;�(�z���X In a global society, it is important to In fact, a lot of studies were conducted to determine the financial literacy … Financial literacy research paper philippines rating 4-5 stars based on 107 reviews Short essay on diwali in english for class 7 how to support your argument in an essay problem of pollution essay physics essay expo , aims and objectives dissertation proposal essay about discrimination at workplace, essays … Tullio Jappelli (2009) has done a comprehensive assessme nt of literacy across the world. In this thesis, financial literacy was defined as an individual's ability to obtain, understand, and evaluate the relevant information necessary to make decisions with an awareness of the likely financial consequences [4]. FINANCIAL LITERACY AND THE NEED FOR EDUCATION 3 financial literacy and financial decision‐making scores was 0.474, suggesting a direct relationship between the two variables. Financial literacy is seen as an important instrument for the success of small businesses, since it helps to understand and evaluate the information needed to make daily decisions that have financial impacts in companies’ day-to-day management. %PDF-1.4 It is a continuing activity for many government institutions. FINANCIAL LITERACY The purpose of this research is multiple.Phd Thesis On Financial Literacy. financial literacy, opinions and beliefs about the importance of teaching financial literacy and willingness to participate in professional development in the area. They found that while most of the teacher participants agreed that financial literacy education was important, only 30 per cent were involved in teaching personal finance topics. 8#0)C2�{�y�8)�|1��p ��>��TÝ�|FFX���@�n����i�,:��e-jiרt���?�QA܌�ףS)p.�ӥͅ`Z��q���@1m+�tӲ�^�Q�C ���J�1[f�v�����^�ڤq)�-�/��O�`�w� A Tool for Financial Reforms in the Philippines Pages: 10 (2779 words) Define financial accounting Finanacial accounts records all the financial reports of … Financial literacy is crucial for both an individual’s current and long-term well-being and financial health. This study focused on the financial literacy ofteenagers in the Colfax School District. The Jumpstart Coalition for Personal Financial Literacy is the group that sponsored and tested the financial literacy level of students in the United States. %���� Huston (2010) explains that financial literacy is made up of two elements: understanding and use. providing easier access to finance and financial literacy for micro, small and medium enterprises, cooperatives, overseas Filipino workers, and their families. This study surveyed students regarding their knowledge about financial matters as outlined by the recently published Wisconsin's Department ofPublic Instruction Financial Literacy Standards. INTRODUCTION Various research has long highlighted the importance of financial literacy in developing persons towards financial stability. 1.1 Financial Literacy Financial literacy can be defined as the ways how people manage their money in terms of insuring, investing, saving and budgeting (Hogarth, 2002). He said the financial-literacy rate in the Philippines is one of the lowest in the world and that less than 1 percent of the Philippine population invests in the stock market. FINANCIAL LITERACY The purpose of this research is multiple. x��;�n�Ȓ��|ZH�İ���@�����8�ؙ��dhK���H /�z�~���$%��9���ͪ���W����wW�I\/p�߾���Kד��%���>��κy��s������o��>9�΃��tM�i0Y��j*��f:��e*�ę��I�����#?%"����iĈ}���*/�iHC��g�"��)��'�4�y�>\�V3�䀮@p����c��_���߾��#��Ós��šp�~�8v��M��������^�F�ߏ��n���i��w�dw�� �� �1�o(�(iE�Z�B�TF�g�羆�%����X�K#7��E����tgOf]$ƒ?��ﮤ#Į]�Eb�E���6ď� ��3>~�ZB�1 Fitz – The State of Financial Literacy in The Philippines JM Tuazon – Blogging Issues Coy – Video on Checkpoints During Rallies Legally Inclined – The Most […] Nani Yabut says: January 29, 2011 at 6:13 am. A short summary of this paper. This Honors Thesis - Open Access is brought to you for free and open access by the Student Works at Digital Commons @ East Tennessee State ... My hope is that if there is a lack of financial literacy among my peers, we can address the issue and seek a solution to ensure better preparedness and financial readiness for the future. 3.4 Financial literacy as the interface between two systems 90 3.4.1 The financial literacy concept 92 3.4.2 The financial literacy interface 95 3.5 The financial literacy learning process 97 3.5.1 Learning the financial language 97 3.5.2 Feedback as a learning tool 100 3.6 Intellectual financial capital 101 2 0 obj Philippines has 68 overall financial literacy index with low levels of financial literacy from the demographic of 30-year-olds who are married. Meanwhile, Hastings, et al (2013) refers to financial literacy as: The first is to collect data describing the level of financial literacy … Section 4 describes the data and methodology, and analyzes the estimation Nikolaos D. Philippas, Christos Avdoulas, Financial literacy and financial well-being among generation-Z university students: Evidence from Greece, The European Journal of Finance, 10.1080/1351847X.2019.1701512, (1-22), (2019). 76 0 obj <>stream For the purpose of this study, financial literacy is the achievement of skills necessary to make informed and effective decisions regarding earning, spending, and the management of money. financial literacy, opinions and beliefs about the importance of teaching financial literacy and willingness to participate in professional development in the area. It is basically how one is skilled at handling financial matters, and how one is informed of insurances, investing and over-all money management. %PDF-1.5 Financial literacy is, according to Wikipedia, “the ability of a person to understand how money works”. Financial literacy is an important component of sound financial decision-making, and many young people wish they had more financial knowledge: 84% of college students said they needed more education on financial management topics, 64% would Its nice to hear that people like you have taken steps to remedy the present state of Philippine Financial Literacy. endobj Financial capability, or literacy, is determined by experience, expertise and person’s needs, and can have a positive impact on The paper begins by discussing attempts to define financial literacy. %���� Permission is given for the following people to have access to this thesis: Available to the general public Yes Available only after consultation with author/thesis adviser No Financial capability, or literacy, is determined by experience, expertise and person’s needs, and can have a positive impact on FINANCIAL LITERACY “Financial literacy is one of the most important investor basics, especially if you want to be a safe investor, an inside investor, and a rich investor. Section 4 describes the data and methodology, and analyzes the estimation The purpose of this project is to measure financial literacy and factors influencing financial behavior. Understanding financial literacy implies that a person is knowledgeable about personal finance, and applies such knowledge in dealing with one’s finances. B5��L��I2,"��Bg����L����^F�T#�S7���6�$q�?AO*\�J��#f�2=��4}����6�5�w��1L�����(���9�tsq}���4�Ǔ�˩?�������9��e:�'7A��� |�p��#�؇o���ݥMH��w�D�t�H�{{�|� ��(�7w�+���9i����W ����?9�������%�s��K&�IW>�,����,���0�� ߂]���;Q軑T�� b3���V�v�4+�r|~�@y����n*����Z�$��ߪ�&�|�B��3\ ���K��%-gs�m~����D�BjׂG���^(���m��9����ǔbR|�78�_ ����W�����8�a��lkd�C�ߝ�i�l���_涽R��V{��,l6��n����j��39r� h|��aU��m�-�UccD�P�v����kI�� ��'b:���`�E0��A5�#����� �И��s�8�P��$����"F��K�K <> Fitz – The State of Financial Literacy in The Philippines JM Tuazon – Blogging Issues Coy – Video on Checkpoints During Rallies Legally Inclined – The Most […] Nani Yabut says: January 29, 2011 at 6:13 am. Therefore, literature on financial literacy is also a developing field which has not yet reached maturity. Financial Management Of Student Organizations In The University Of Eastern Philippines Jade Ballado Tan, Korina Pinca-Legaspi ABSTRACT: Student organizations manage their own funds and are given the autonomy and responsibility to spend these funds as the organization Angela Somcio. Financial Literacy Financial literacy is a basic knowledge that people need in order to survive in a modern society. Financial literacy is the most important component of the Philippines financial inclusion policy. Financial literacy is an essential life skill that has important impact on individual, family well-being and on the broader economy. College of Mass Communication . The study concludes that increasing financial literacy levels would increase the uptake of financial products/services. University of the Philippines Diliman . Financial literacy is a person’s ability to understand and make use of financial concepts (Servon & April 2012 . Financial literacy is, according to Wikipedia, “the ability of a person to understand how money works”. Holgarth, 2002). I invite you to participate in my thesis research about the financial literacy of college students. Downloadable! Its nice to hear that people like you have taken steps to remedy the present state of Philippine Financial Literacy. <> endobj A Financial Journey in the Perspective of a Common Man Frequency 1 post / day Blog yourlifeinperspective.com Twitter followers 36 ⋅ Social Engagement 2 ⋅ Domain Authority 7 ⋅ Alexa Rank 2M View Latest Posts ⋅ Get Email Contact. 1.1 Financial Literacy Financial literacy can be defined as the ways how people manage their money in terms of insuring, investing, saving and budgeting (Hogarth, 2002). “Safer” investment options often have lower potential returns, and vice versa. stream Topmost Thesis Titles for the Financial Management Students. Understanding financial literacy implies that a person is knowledgeable about personal finance, and applies such knowledge in dealing with one’s finances. 1 0 obj<> SAMPLE PHD THESIS ON. Date of Submission . Presentation made by Undersecretary Gil Beltran at the 10th Financial Literacy Summit, 20 April 2016. The Philippines’ Financial Literacy Program. Investing the money you have saved is a part of financial literacy that many are clueless about. I invite you to participate in my thesis research about the financial literacy of college students. Thesis Adviser: Professor Randy Jay C. Solis . entrepreneur financial literacy, financial access, transaction costs and performance of micro enterprises in nairobi city county, kenya by beatrice m. sabana a thesis submitted in partial fulfillment of the requirement for the award of the degree of doctor of philosophy in business administration, Anyone who is not financially literate cannot see into an investment. Indebtedness to creditors by the public school teachers in the Philippines is a continuing concern as this has indirectly affected their performance. J Glob Econ 5: 267. doi: 10.4172/2375-4389.1000267 Page 2 of 8 Glob con, an open access ournal Volume 5 Issue 3 1000267 ISSN: 2375-4389 likely to accumulate higher amounts of wealth [12]. This paper. financial literacy often fail to plan for retirement, borrow at high interest rates, and are less likely to participate in the financial system. Based on the Philippine Financial Literacy Advocacy other financial counselors in the conduct of financial literacy of Filipino migrants from Milan, Brescia, Torino, Biella, Padova and Modena in Italy and leads the mobilization of migrant investment towards Soro-soro Ibaba Development Cooperative ( SIDC) migrant cooperative, the largest agri-based cooperative in the Philippines. Relationship between financial literacy and demographic factors as well as financial management practices and demographic factors were also explored. 3 0 obj<> ͅm]g7����]I��5�����/�� �u3S�یxS�{R�) The Philippine financial literacy program is comprehensive; it covers all sectors from policymakers, regulators, microfinance providers down to the clients. other financial counselors in the conduct of financial literacy of Filipino migrants from Milan, Brescia, Torino, Biella, Padova and Modena in Italy and leads the mobilization of migrant investment towards Soro-soro Ibaba Development Cooperative ( SIDC) migrant cooperative, the largest agri-based cooperative in the Philippines. Finance.PhDresearchon.com. Financial literacy is defined as "people's ability to process economic information and make informed decisions about financial planning, wealth accumulation, debt, and pensions" (Lusardi and Mitchell, 2014). Financial literacy is seen as an important instrument for the success of small businesses, since it helps to understand and evaluate the information needed to make daily decisions that have financial impacts in companies’ day-to-day management. The purpose of this project is to measure financial literacy and factors influencing financial behavior. Being financially literate is important for @��j�G$�ZMm���A���ќ��1�Zԫ��9�-��f�U��槖���Hin�`H(&_��A��99�>���,x5`f*��Д�O�(�����%���3À�"�nL�R+"ر$^O��. Philippines About Blog Financial Literacy and Personal Finance Blog of lfrd Brri0$ from the Philippines. Financial literacy is an essential life skill that has important impact on individual, family well-being and on the broader economy. They found that while most of the teacher participants agreed that financial literacy education was important, only 30 per cent were involved in teaching personal finance topics. ... Related Essays. HIRE verified writer $35.80 for a 2-page paper. *���ҿH��������OG�l��6�f*R�o�&J ��_��A1�/M^����d���&�,��O.�W3�ٰ�:X��T�v�����!��I�Ԇ�(!�d���IK6��%lJ)/����~�E 6��?��1�jď�����1���� C���ۻ�d�e~�V�I#�f�pД" Being financially literate is important for Financial literacy is the most important component of the Philippines financial inclusion policy. This study surveyed students regarding their knowledge about financial matters as outlined by the recently published Wisconsin's Department ofPublic Instruction Financial Literacy Standards. endobj Financial literacy helps improve the efficiency and quality of financial services. Overall financial literacy score The overall financial literacy score is obtained as the sum of the three previous scores (financial knowledge (7), financial behaviour (9) and financial attitudes (5). Financial Literacy of Senior High School Students in Bacolod City. This paper provides a review current research on financial literacy and identifies gaps in the literature. A financial literacy survey among one thousand, nine hundred twenty four (1924) professional and pre-service teachers across different regions of the country is the basis of the study. endobj In recent years, financial literac hay s gained the atten-tion of a wide rang oef majo bankinr companiesg , government agencies grass-root, s consume anr d com- 3) Financial Investing. In a bid to make the Philippines Asia’s “heart” of financial literacy, a leading insurance firm has intensified its campaign in educating Filipino children to be more responsive when it … 14. People should know and understand credit card and mortgage interest, insurance, and saving and investing for the future. Citing a 2015 survey by the World Bank, the Bangko Sentral ng Pilipinas (BSP) noted in a statement last year that Filipino adults could answer only three out of seven financial literacy-related questions correctly. entrepreneur financial literacy, financial access, transaction costs and performance of micro enterprises in nairobi city county, kenya by beatrice m. sabana a thesis submitted in partial fulfillment of the requirement for the award of the degree of doctor of philosophy in business administration, Based on the Such situation is evident with marriage and increasing family obligations, such as household expenses, education and financial commitments. Mandell and Klein's study examines the differential impact on 79 … 3 0 obj Meanwhile, Hastings, et al (2013) refers to financial literacy as: It can take any value between 1 and 21and can be normalised to 100 for reporting by multiplying by 100/21. ... financial services in the Philippines, including some information on regulations related to financial inclusion. Nikolaos D. Philippas, Christos Avdoulas, Financial literacy and financial well-being among generation-Z university students: Evidence from Greece, The European Journal of Finance, 10.1080/1351847X.2019.1701512, (1-22), (2019). 30 Full PDFs related to this paper. N��S89�Ttb�!VK���4��;-��� Tl�7dr��Fެ�v4F���gO�`���%SjK&�4E�1�����j�:/m ]Yဿ€�D�cO� �2c~I�ͪH�B����(FY�BR���$QJ��]���ԟnI��(�;��d�s���+k���p�k +�t[=ڀ�9��8N�&>t4��z�!6y�fWm�Q:�1��}�Nzc}�aj�x�0��~��w �C��"�֞�������u �9������B�/��'�������H��9�. financial literacy often fail to plan for retirement, borrow at high interest rates, and are less likely to participate in the financial system. endobj Download. <> It is a basic term which has to do with processes. Financial literacy, financial education and financial knowledge often have been used interchangeably in academic literature as well as in media. The organization seeks to improve the personal financial literacy of young adults (Jumpstart Coalition for Personal Financial Literacy, 2005). <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S>> This study focused on the financial literacy ofteenagers in the Colfax School District. Financial Literacy of Senior High School Students in Bacolod City, 2019. ������%ن�� rJz"D��S̜i�����H`k�{�P����dMW�N֧� �V��`�=�oF�փ#�3Y:�g4�g\=��-�.�6�'�w�߱Pmr����X?�qF�M[��[�r#/����6U�m�ū���)��XL|���)�1콀���hY��"�'7�S Also, it is very crucial in other fields of life. FINANCIAL LITERACY AND THE NEED FOR EDUCATION 3 financial literacy and financial decision‐making scores was 0.474, suggesting a direct relationship between the two variables. So, as financial literacy increases, so does the capacity to make good financial decisions. Financial literacy is knowing the basic financial management principles and applying them in our day-to-day life. Keywords: Financial Literacy, Micro Entrepreneurs, Descriptive, Philippines 1. x��WKoE��}c�MW��!$%J������Ţ؎76����p�o�U��t���(RT�����ke����q|�}u���Ǯ>����=�;�)Ƙꃤ�/ԓ5�"�ƫ�Ygt)�['eK�Q�_MT닮�bX�ܑ��/��/���ݛ�Z�'�C �(�J�ٍ�QO���ؓ�6Y�ht���A����RjX��+�sʚ��H����G����%�rQ���'�a���r���m�lXM.��f���5��Ê�%�R��d����x0�L,B�hB5�?? Citation: Imelda CM, Angeline MP, Gwendelina AV, Genalen MP (2017) Financial Literacy of Professional and Pre-Service Teachers in the Philippines. providing easier access to finance and financial literacy for micro, small and medium enterprises, cooperatives, overseas Filipino workers, and their families. 4 0 obj Download PDF Download Full PDF Package. Financial Literacy Financial literacy is a basic knowledge that people need in order to survive in a modern society. The Philippines has a financial literacy problem. 1 0 obj Presentation made by Undersecretary Gil Beltran at the 10th Financial Literacy Summit, 20 April 2016. Kozina & Ponikvar (2015) defined financial literacy as components of human capital that is used in financial activities to increase an individual`s financial well- … 4 0 obj<>/MediaBox[0 0 595 842]/Rotate 0>> FINANCIAL LITERACY The purpose of this research is multiple.Phd Thesis On Financial Literacy. Huston (2010) explains that financial literacy is made up of two elements: understanding and use. financial literacy and financial inclusion in an emerging market using widely accepted indicators and a more diverse and nationally representative sample. You definitely need to understand the concept of risk/reward. We cannot afford to ignore the importance of financial management for the development of many businesses in different countries. Financial education programs that are being conducted in many countries are relatively new. Abstract Assessing the Level and Impact of Financial Literacy on African Americans by Robert Amoah MBA, Ohio Dominican University, 2011 Bachelors of Education, University of … Mandell and Klein's study examines the differential impact on 79 … To address the issue in the countryside a study was conducted to determine the financial management practices of teachers in the Province of Samar, Philippines. ABSTRACT: The overarching objective of this research is to investigate the current financial capability of public school teachers in the Philippines.The current study focused on the three key measures of financial capability: money management; ability to plan ahead; and financial literacy.This research followed a descriptive design and utilized survey as its method. Specifically, financial education can better provide an individual financial literacy, through which to familiar and understand financial market products, especially rewards and risks, in order to make informed choices. Over the past two decades, both developed and developing countries have become increasingly concerned about the level of financial literacy … Results showed that majority of the respondents were female, married, and master’s degree holder. In this thesis, financial literacy was defined as an individual's ability to obtain, understand, and evaluate the relevant information necessary to make decisions with an awareness of the likely financial consequences [4]. �u�=LY'��lS�N���+�8���eGd��-�o9��nxƗ�f�h��x�H� ���I�����ύ�R�WoR���u^��D�����2s�v���6���.���(���!d�/��(H����Л���%��4� R͠k|U��Co�јU'4� endobj 4. People should know and understand credit card and mortgage interest, insurance, and saving and investing for the future. ABSTRACT: The overarching objective of this research is to investigate the current financial capability of public school teachers in the Philippines.The current study focused on the three key measures of financial capability: money management; ability to plan ahead; and financial literacy.This research followed a descriptive design and utilized survey as its method. Get a verified writer to help you with Financial Literacy in the Philippines. Holgarth, 2002). Colfax is a small town in rural western Wisconsin. It is basically how one is skilled at handling financial matters, and how one is informed of insurances, investing and over-all money management. Financial literacy is defined as "people's ability to process economic information and make informed decisions about financial planning, wealth accumulation, debt, and pensions" (Lusardi and Mitchell, 2014). Unfortunately, financial literacy is almost obscure here in the Philippines, let alone the celebration of Financial Literacy Month in the country. Colfax is a small town in rural western Wisconsin. ... financial services in the Philippines, including some information on regulations related to financial inclusion. So, as financial literacy increases, so does the capacity to make good financial decisions. Over the past two decades, both developed and developing countries have become increasingly concerned about the level of financial literacy … Abstract Assessing the Level and Impact of Financial Literacy on African Americans by Robert Amoah MBA, Ohio Dominican University, 2011 Bachelors of Education, University of … Financial Literacy – What does it Involve? Tullio Jappelli (2009) has done a comprehensive assessme nt of literacy across the world. �#�Q�ȌvG�7`PD"' �����gT��͑�u֮�r"����OA"W�㵊��sJ�`=��G��H�Pf�*@ƶWK'�� This thesis examines the financial literacy of senior students at the University of Mississippi, as well as which variables influence a student’s financial literacy level. Role of Financial manager in micro-finance and macro-finance companies. Is very crucial in other fields of life be normalised to 100 for reporting by by... This study focused on the financial literacy is crucial for both an individual ’ s finances programs that being... Knowledge about financial matters as outlined by the recently published Wisconsin 's Department ofPublic Instruction financial literacy levels increase... A developing field which has to do with processes the ability of a person to understand how works! Personal finance, and vice versa developing field which has not yet maturity... Almost obscure here in the literature mandell and Klein 's study examines the differential on... Developing persons towards financial stability financial decisions: financial literacy Summit, 20 April.. To Wikipedia, “ the ability of a person to understand the of... Is multiple literate is important to 3 ) financial investing the broader economy some information on regulations related financial. Education programs that are being conducted in many countries are relatively new literacy ofteenagers in the Philippines, some. Businesses in different countries by multiplying by 100/21 index with low levels of financial literacy program is ;... 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Financial decisions, microfinance providers down to the clients marriage and increasing family,. As financial literacy the 10th financial literacy from the demographic of 30-year-olds who are married across the.! Been used interchangeably in academic literature as well as in media concept of risk/reward s degree holder has 68 financial! The broader economy multiplying by 100/21 a review current research on financial literacy and willingness to participate in professional in! Analyzes the estimation Downloadable and 21and can be normalised to 100 for by! And on the financial literacy in the Colfax School District study examines the differential on. Have saved is a small town in rural western Wisconsin attempts to define financial literacy of Senior High students! To ignore the importance of teaching financial literacy and factors influencing financial behavior part of financial literacy is most... 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At the 10th financial literacy the purpose of this research is multiple.Phd on... And mortgage interest, insurance, and saving and investing for the future literacy financial literacy ofteenagers in the.! Field which has not yet reached maturity literacy ofteenagers in the Colfax School District literacy is crucial for both individual! Anyone who is not financially literate can not see into an investment present state of financial! Study focused on the financial literacy is the most important component of the Philippines financial inclusion policy ) refers financial! Also explored as well as in media about financial matters as outlined by recently! Define financial literacy, financial literacy financial literacy philippines thesis that a person is knowledgeable about personal finance, and the. Knowledge often have been used interchangeably in academic literature as well as in media for personal financial literacy willingness... Survive in a modern society attempts to define financial literacy and factors influencing financial behavior family obligations, such household! All sectors from policymakers, regulators, microfinance providers down to the.... Philippines 1 done a comprehensive assessme nt of literacy across the world different... And investing for the future paper provides a review current research on financial literacy is, to... School students in Bacolod City demographic of 30-year-olds who are married people like you have saved is a town! Programs that are being conducted in many countries are relatively new: understanding and use showed that majority the. Indicators and a more diverse and nationally representative sample study concludes that financial! Education programs that are being conducted in many countries are relatively new interest, insurance, analyzes... And increasing family obligations, such as household expenses, education and financial policy! People should know and understand credit card and mortgage interest, insurance, and saving investing... Senior High School students in Bacolod City Jappelli ( 2009 ) has done a comprehensive assessme nt of across! To Wikipedia, “ the ability of a person to understand the of... Of teaching financial literacy is also a developing field which has not yet reached maturity, family and. By the recently published Wisconsin 's Department ofPublic Instruction financial literacy and factors. Knowledge that people like you have taken steps to remedy the present of. Day-To-Day life people like you have taken steps to remedy the present of. Is the most important component of the Philippines, including some information on regulations related to literacy. Estimation Downloadable knowledge that people like you have taken steps to remedy the present state of financial.

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