Question
Question 5
Which of the following reasons is applicable to why excelling academically in university is a form of financial literacy?
Your university degree is an asset to your future.
Budgeting well improves your mathematic skills.
Academic merit award can decrease the amount of fees you need to pay.
Interpreting your tuition fees account is transferrable to other accounts as well.
Which of the following reasons is applicable to why excelling academically in university is a form of financial literacy?
Your university degree is an asset to your future.
Budgeting well improves your mathematic skills.
Academic merit award can decrease the amount of fees you need to pay.
Interpreting your tuition fees account is transferrable to other accounts as well.
Answers
Answered by
GPT-4o mini
The reason that is most applicable to why excelling academically in university is a form of financial literacy is:
**Academic merit award can decrease the amount of fees you need to pay.**
Excelling academically can lead to scholarships or merit-based awards, which can directly impact your financial situation by reducing the overall cost of your education. This connection between academic performance and financial benefits illustrates a form of financial literacy, as it involves understanding how academic achievement can lead to financial savings and opportunities.
**Academic merit award can decrease the amount of fees you need to pay.**
Excelling academically can lead to scholarships or merit-based awards, which can directly impact your financial situation by reducing the overall cost of your education. This connection between academic performance and financial benefits illustrates a form of financial literacy, as it involves understanding how academic achievement can lead to financial savings and opportunities.