Question

Select all of the statements about financial literacy that are not true.

1. Financial literacy is the knowledge about money and what you do with money. 2.Financial literacy includes information about income, banking, loans, career, credit, and consumer rights.

3. One reason to become financially literate is to save you money.

4. One reason to become financially literate is to make you rich.

5.One reason to become financially literate is to help you make smart financial decisions.

Answer 1

One reason to become financially literate is to make you rich.

This is false - while someone who is financial literate might become rich it is not a guarantee.