Final answer:
The term 'liable' is synonymous with 'being personally responsible,' which relates to financial obligations such as managing debts and maintaining good credit.
Step-by-step explanation:
The term liable is another way of saying being personally responsible. In the context of financial literacy, being liable often refers to the obligations associated with managing money, investments, and debts. This can include responsibilities such as maintaining a checking account, including reconciling bank statements (C), understanding the obligations of borrowing money (E), and developing strategies to become a low-risk borrower by enhancing one's credit score (F).
Being personally responsible is different from the other options because it involves being accountable for one's actions and obligations rather than having specific expertise or control. Financial astuteness and business acumen (A and B) are about making smart business and investment decisions, while regulatory control (D) refers to having authority over certain rules and regulations.