What is Finacial literacy?

Answer 1

“Financial literacy is a broad awareness of the role money plays in our lives, leading to the knowledge of financial concepts that improve the well-being of individuals and society. This should include the skills, motivation and confidence to make more effective decisions, enabling greater participation in the economy, and increased benefits from doing so.”

See here for a further discussion of how financial literacy should be described.

maiawards.org/insights/the-best-definition-of-financial-literacy/

Answer 2

Financial Literacy is the abiltiy of induviduals to make approprite dessions

Answer 3

Economic literacy is important for people to understand the forces that considerably affect the quality of their lives.