Financial literacy means having the skills and knowledge to make effective and informed decisions when you ..... (select all that apply)

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Financial literacy means having the skills and knowledge to make effective and informed decisions when you ____ (select all that apply)

A	Spend
B	Donate
C	Depreciate
D	Invest
E	Save

Explanation:

Detailed explanation-1: -Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. The meaning of financial literacy is the foundation of your relationship with money, and it is a lifelong journey of learning.

Detailed explanation-2: -Financial literacy refers to the ability to understand and apply different financial skills effectively, including personal financial management, budgeting, and saving. Financial literacy makes individuals become self-sufficient, so that financial stability can be accomplished.

Detailed explanation-3: -Financial literacy is the cognitive understanding of financial components and skills such as budgeting, investing, borrowing, taxation, and personal financial management. The absence of such skills is referred to as being financially illiterate.

Detailed explanation-4: -What Is Financial Literacy? 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.

There is 1 question to complete.