Question

What's the best definition of financial literacy? A. The efficient and effective management of money b. The ability to find, evaluate, utilize, share, and create financial content c. The business or services conducted by a tank d. The ability to use knowledge and skills to manage financial resources effectively

Answer 1

D)The ability to use knowledge and skills to manage financial resources effectively.

Step-by-step explanation:

financial literacy can be explained as the utilization of financial skills in an efficient way and having the deep understanding of it in tackling financial problems. The financial skills could be skills such as Budgeting, understanding of financial management as well as investing.

In cases whereby one lacks financial skills then it can be regarded as financial illiteracy.It should be noted that the best definition of financial literacy is The ability to use knowledge and skills to manage financial resources