Ask Question
BusinessBusiness
19 May, 03:57

Which of the following refers to one's ability to understand and use personal finance information? Group of answer choices Financial well-being. Financial knowledge. Financial literacy. Financial ability.

+3
Answers (1)
  1. 19 May, 03:58
    0
    Financial literacy.

    Explanation:

    Financial literacy refers to how well a person understands and uses personal financial management skills. In order to be able to make proper financial decisions, a person must possess the financial skills and knowledge. Without financial literacy, individuals would lack the required knowledge and skills to carry out financial operations. Financial literacy involves aspects of personal financial management, budgeting, and investing.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following refers to one's ability to understand and use personal finance information? Group of answer choices Financial ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is the product? What is the product?
Answers (1)
True or false: increasing the confidence level will lead to a wider margin of error.
Answers (1)
All business strategies seek to gain competitive advantage. a. True b. False
Answers (1)
Marlow Company produces hand tools. A production budget for the next four months is as follows: March 10,300 units, April 13,300, May 16,500, and June 21,800.
Answers (1)
The following information is taken from the production budget for the first quarter:Beginning inventory in units 1,800Sales budgeted for the quarter 678,000Capacity in units of production facility 708,000How many finished goods units should be
Answers (1)
New Questions in Business
What is the term that refers to a form of wealth that can be stored for the future?
Answers (1)
NewLinePhone Corp. is very risky, with a beta equal to 2.8 and a standard deviation of returns of 32%. The risk-free rate of return is 3% and the return on the market is 11%. NewLinePhone's marginal tax rate is 35%.
Answers (1)
Which of the following is a drawback of setting pay rates based strictly on a pay policy line? A. It increases the administrative burden of managing the compensation system. B. Employees have difficulty interpreting regression analysis. C.
Answers (1)
Long-lived assets are: a) non-operating assets expected to yield their economic benefits (or service potential) over a period longer than one year.
Answers (1)
An airline company is interested in the opinions of their frequent flyer customers about their proposed new routes. Specifically, they want to know what proportion of them plan to use one of their new hubs in the next 10 months.
Answers (1)
Home » Business » Which of the following refers to one's ability to understand and use personal finance information? Group of answer choices Financial well-being. Financial knowledge. Financial literacy. Financial ability.
Sign Up Forgot Password?