what is financial literacy?

a. the ability to understand how to make sound financial choices so you can confidently manage and grow
b. the financial management that an individual or a family unit performs
c. the shift in the structure of an economic system
d. the money that a person, a region, a country, etc. earns from work, from investing money, from business, etc.

1 answer

The correct answer is: a. the ability to understand how to make sound financial choices so you can confidently manage and grow.

Financial literacy encompasses the knowledge and skills that allow individuals to make informed and effective decisions with their financial resources.