Question

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

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Financial literacy is the knowledge about money and what you do with money.
Financial literacy includes information about income, banking, loans, career, credit, and consumer rights.
One reason to become financially literate is to save you money.
One reason to become financially literate is to make you rich.
One reason to become financially literate is to help you make smart financial decisions.

Answer 1

All of the answers need to be selected.

Answer 2

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

Financial literacy, though extremely valuable, will not necessarily make you rich. Financial literacy is a tool for helping you make more more informed, more accurate financial decisions, which may save you money and will increase your knowledge of money and other financial topics. It may not increase your wealth to make you rich because this depends on a number of other factors, independent of the tools and resources provided by financial literacy.