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 1

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.