What is financial literacy?(1 point)
Responses
the ability to understand how to make sound financial choices so you can confidently manage and grow your money
the ability to understand how to make sound financial choices so you can confidently manage and grow your money
the financial management that an individual or a family unit performs
the financial management that an individual or a family unit performs
the shift in the structure of an economic system
the shift in the structure of an economic system
the money that a person, a region, a country, etc. earns from work, from investing money, from business, etc.
the money that a person, a region, a country, etc. earns from work, from investing money, from business, etc.
Which is the first step toward financial literacy?(1 point)
Responses
tracking your income and expenses
tracking your income and expenses
learning the different representations of money
learning the different representations of money
developing a diverse investment portfolio
developing a diverse investment portfolio
creating a trust fund for your kids
tracking your income and expenses
Which describes personal finance?(1 point)
Responses
the money that is put into a commercial venture to make a profit
the money that is put into a commercial venture to make a profit
the reduction of money, time, or another resource
the reduction of money, time, or another resource
the financial management which an individual or a family unit performs
the financial management which an individual or a family unit performs
the cost incurred in or required for something
the financial management which an individual or a family unit performs
Which of these should not affect your personal finance decisions?(1 point)
Responses
your character
your character
your lifestyle goals
your lifestyle goals
your tolerance for risk
your tolerance for risk
your language