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What is financial literacy and why is it important to become and stay financial stable?
Wiki User
∙ 13y ago
Financial literacy is described as the ability to manage personal finances and make informed choices with due knowledge about financial products in order to maximise one's welfare as well as to seek grievance redressal. It is important because Financal literacy imparts knowledge, aptitude and skills to make ordinary individuals into informed and questioning users of financial services.
Wiki User
∙ 13y ago
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