BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Financial literacy is understanding financial concepts and making informed financial decisions. This includes effectively reading financial statements, understanding interest rates and credit terms, and managing money.
Detailed explanation-2: -What Is Financial Literacy? Financial literacy is the ability to understand and make use of a variety of financial skills, including personal financial management, budgeting, and investing.
Detailed explanation-3: -Strong financial knowledge and decision-making skills help people weigh options and make informed choices for their financial situations, such as deciding how and when to save and spend, comparing costs before a big purchase, and planning for retirement or other long-term savings.