Financial Literacy

Choose the most correct answer. Financial literacy/education is:

the culture of understanding various financial concept to make wise decisions about your personal finance.

the understanding of inflation, nominal and real interest rates that essentially help people plan about their financial goals

the knowledge about economics and social factors that affect the lives of people

all of the above

Clients/customers are:

people who are the part of the business

people who work for the company

are people who provide financial service to the company

all of the above

Without an understanding of various financial concept like inflation, nominal, real and real interest rates, it nearly impossible for you to achieve your long term financial goals

True

False

Planning for a comfortable retirement is a crucial step toward living a free, healthy, and secure life.

True

False

Write down the name that provides an overall summary of the discussion based on the questions you answered above.

Choose the best combination. Long term financial goals includes:

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