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Which of the following describe financial literacy? Select all that apply.

knowledge of how money works
how much of something is available
money earned
knowledge of how to manage your own money

Sagot :

The correct statements about financial literacy from the given options are as follows:

  • Financial literacy is the knowledge about money and what you do with money.
  • Financial literacy includes information about income, banking, loans, career, credit, and consumer rights.
  • One reason to become financially literate is to save you money.
  • One reason to become financially literate is to help you make smart financial decisions.

The only option that isn’t included is: One reason to become financially literate is to make you rich.  Though knowledge about financial literacy can help you in managing your finances, you would need great amount of knowledge about other fields to be able to become rich - not just financial literacy.

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