Question

What's the best definition of financial literacy

Answer 1

Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.

Answer 2

This Is What I Found, And I'm Not Taking Credit, Because I Did Not Come Up With This Answer: They defined financial literacy as "the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being."