de France as the national operator in charge of implementing the policy. This government-led strategy aims to promote financial literacy in French society. Measures include financial education and budget planning courses for young people. Entrepreneurs and financially vulnerable individuals also receive support to develop skills in this area. The Banque de France conducts periodic surveys on the level of understanding, attitudes and behaviour of the French population regarding budgetary and financial matters. It also carries out awareness-raising measures on topics such as overindebtedness, bank inclusion schemes, means of payment, bank accounts, credit, savings and insurance. The Cité de l'Économie opened to the public in June 2019. This institution is the first French museum dedicated entirely to fostering economic literacy in an instructive and entertaining way. It is funded by the Banque de France in cooperation with several partners, including the Ministry for Education, the Institut pour l’Éducation Financière du Public (IEFP – Institute for Public Financial Education) and the Bibliothèque Nationale de France. Belgium The FSMA is tasked with contributing to better financial literacy of savers and investors that will enable individual savers, insured persons, shareholders and investors in Belgium to be in a better position in their relationships with their financial institutions. As a result, they will be less likely to purchase products that are not suited to their profile. Switzerland A study measured financial literacy among 1500 households in German-speaking Switzerland. Testing the three concepts compound interest, inflation, and risk diversification, results show that the level of financial literacy in Switzerland is high compared to results for other European countries or the US population. Results of the study further show that higher financial literacy is correlated with financial market participation and mortgage borrowing. A related study among 15-year-old students in the Canton of Fribourg shows substantial differences in the level of financial literacy between French- and German speaking students. The Swiss National Bank aims at improving financial literacy through its initiative iconomix that targets upper secondary school students. The new public school curriculum will cover financial literacy in public schools. United Kingdom The UK has a dedicated body to promote financial capabilitythe Money Advice Service. The Financial Services Act 2010 included a provision for the FSA to establish the Consumer Financial Education Body, known as CFEB. From April 26, 2010, CFEB continued the work of the FSA's Financial Capability Division independently of the FSA, and on April 4,