Question

What’s the best definition of financial literacy?

Answer 1

the confident understanding of concepts including saving, investing and debt that leads to an overall sense of financial well-being and self-trust.

Answer 2

Financial literacy is the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being. This definition stresses the importance of ability, and it speaks to knowledge, skills and life changes.

Step-by-step explanation: