Register
Which skill is part of financial literacy? O A. Comparing microeconomics to macroeconomics O B. Understanding the value of retirement savings O C. Differentiating imports from exports O D. Calculating
179,236 views
19 votes
19 votes
Which skill is part of financial literacy?

O A. Comparing microeconomics to macroeconomics
O B. Understanding the value of retirement savings
O C. Differentiating imports from exports
O D. Calculating the national deficit

User Jfabrizio
by
2.6k points

1 Answer

7 votes
7 votes

Answer: B. Understanding the value of retirement savings

Explanation: Some of the basics of financial literacy and its practical application in everyday life include banking, budgeting, handling debt and credit, and investing.

According to the Financial Literacy and Education Commission, there are five key components of financial literacy: earn, spend, save and invest, borrow, and protect.

User Utengr
by
3.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
The market value of the equity of Hudgins, Inc., is $582,000. The balance sheet shows $21,000 in cash and $192,000 in debt, while the income statement has EBIT of $93,000 and a total of $137,000 in depreciation
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that Group of answer choices bond interest is deductible for tax purposes. interest must be
Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow: (1) Work full time at a local accounting firm
Link Copied!