Question

What term describes managing money in ways that build a sense of competence, understanding, and control?

A) Financial literacy
B) Investment strategy
C) Fiscal responsibility
D) Monetary expertise

Answer 1

Financial literacy is the term that describes managing money in ways that build a sense of competence, understanding, and control.

Step-by-step explanation:

The term that describes managing money in ways that build a sense of competence, understanding, and control is financial literacy. Financial literacy refers to the knowledge and understanding of financial concepts and the ability to make informed and effective decisions about money. It includes skills such as budgeting, investing, saving, and managing credit.