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I have two variables

Financial literacy- It's a continuous variable with high and low scores

Default(It means to Not pay their loan)- Yes or no (I can code this as 0 and 1)

What test can I use to test this hypothesis?

Customers with high scores in Financial Literacy default less as compared to customers with low scores on Financial Literacy

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You can fit a logistic regression and test whether the regression parameter of the Financial Literacy is zero. https://en.wikipedia.org/wiki/Logistic_regression

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