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KiRa [710]
4 years ago
11

Australia has a high literacy level why is this important to their economy

History
1 answer:
In-s [12.5K]4 years ago
5 0

Financial literacy makes a major impact to the soundness of the financial system. The RBA believes that borrowers in a financially educated society will be less likely to take on more debt just because credit is easily accessible. The Bank argues the borrowers will have a much better chance of riding out an economic recession without defaulting on their debt repayments. This, in turn, will help minimize the bad debt experience of financial institutions and therefore, help strengthen the health and efficiency of the financial system.

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Describe the importance of the Buffalo to the plains Indians. Give me three facts please
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The buffalo was important to the Indians because: Buffalo hide could be made into clothes, covers or tipis (or tepees). In this way the buffalo provided coverings to keep them warm and was also used to make their homes.

The buffalo is the very sources of life for the plains Indians. From the buffalo they got meat for food, skins for tipis, fur for robes, and anything else was for tools and things needed for everyday life. ... Bones, hooves, insides, horns, and hides. Even the buffalo's dung was used to make fuel.

The Sioux Indians used the entire buffalo following a kill. The buffalo hide was used for making tepees, clothes, moccasins, and robes. The hair was used to make rope and the horns were used as cups and dishes. Children fashioned sleds out of buffalo ribs, and buffalo fat was used as glue.

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