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The Impact Of Individual Cultural Values And Religiosity On Financial Preferences

Table 7: Differentiation of Investment Choices According to Demographic Variables

Variable Sub Groups Those who do not prefer interest earning If the same return level, those who do not prefer interest earning Those who do prefer interest earning χ2
Gender MaleFemale 408 (45.4%)477 (48.7% 202 (22.5%)234 (23.9%) 289 (32.1%)269 (27.4%) 4,963
Marital Status SingleMarried 253 (50.4%)632 (45.9%) 103 (20.5%)333 (24.2%) 146 (29.1%)412 (29.9%) 3,799
Education Level Primary SchoolHigh SchoolUndergraduateGraduate 23 (60.5%)189 (50.3%)566 (47.0%)107 (40.7%) 9 (23.7%)96 (25.5%)276 (23.0%)55 (20.9%) 6 (15.8%)91 (24.2%)360 (30.0%)101 (38.4%) 19,097**
Age 20–3031–4041–50+51 656 (49.3%)141 (38.9%)59 (40.8%)29 (45.4%) 300 (22.6%)93 (25.6%)29 (19.7%)14 (22.5%) 374 (28.1%)129 (35.5%)27 (39.5%)28 (32.1%) 18,446**
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