What is financial literacy?
The Importance of Financial Literacy

Passage
•
LIM Moe
•
English
•
9th Grade
•
1 plays
•
Easy
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A skill to manage personal finances effectively
A method to increase spending
A way to avoid all financial risks
A technique to earn money quickly
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is financial literacy important for individuals?
It helps in making informed financial decisions
It guarantees wealth
It eliminates all financial risks
It ensures high returns on investments
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key aspect of financial literacy mentioned in the passage?
Avoiding debt and financial pitfalls
Maximizing credit card usage
Investing in high-risk stocks
Spending without a budget
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does financial literacy contribute to economic stability?
By equipping individuals to handle economic downturns
By encouraging excessive spending
By promoting high-interest loans
By reducing savings
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does planning for the future involve according to the passage?
Setting long-term financial goals
Spending all savings
Avoiding all investments
Ignoring retirement plans
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a fundamental outcome of being financially literate?
Making informed financial decisions
Avoiding all financial transactions
Guaranteeing financial success
Eliminating all financial risks
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role do educators and policymakers have in financial literacy?
Prioritizing financial education
Ensuring everyone becomes wealthy
Promoting high-risk investments
Discouraging savings
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