Select all of the true statements about financial literacy. Financial literacy is the knowledge about money and what you do with money. Financial literacy includes information about income, banking, loans, career, credit, and consumer rights. One reason to become financially literate is to save you money. One reason to become financially literate is to make you rich. One reason to become financially literate is to help you make smart financial decisions.

Some current school question and answer enquired students to indicate what they admit is the most crucial important element for a student to do if they wanted to gain success. Of the many replies, one which that stood out was practice. Successful persons ordinarily are not born successful; they become successful through hard work and perseverance. This is how you can accomplish your goals. shown below are one of the answer and question example that you could definitely utilise to practice and enrich your practical knowledge and also give you insights that will help you to keep up your study in school.

Question:

Select all of the true statements about financial literacy. Financial literacy is the knowledge about money and what you do with money. Financial literacy includes information about income, banking, loans, career, credit, and consumer rights. One reason to become financially literate is to save you money. One reason to become financially literate is to make you rich. One reason to become financially literate is to help you make smart financial decisions.

Answer:

The correct statements about financial literacy from the given options are as follows:

  • Financial literacy is the knowledge about money and what you do with money.
  • Financial literacy includes information about income, banking, loans, career, credit, and consumer rights.
  • One reason to become financially literate is to save you money.
  • One reason to become financially literate is to help you make smart financial decisions.

The only option that isn’t included is: One reason to become financially literate is to make you rich.  Though knowledge about financial literacy can help you in managing your finances, you would need great amount of knowledge about other fields to be able to become rich – not just financial literacy.

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From the answer and question examples above, hopefully, they could simply help the student handle the question they had been looking for and take notice of all declared in the answer above. Then will be able to have some sharing in a group discussion and also learning with the classmate with reference to the topic, so another student also has some enlightenment and still keeps up the school learning.

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