Makin' cents.Define "financial literacy Financial literacy is the ability of individuals to make appropriate decisions in managing their personal finances. Raising levels of financial literacy is now a focus of government programmes in countries including[1] Australia, Japan, the United States and the UK. ." A) Money for learning to read. B) Advanced English. C) A month when a person buys books. D) None of the above. The answer is D, and financial literacy (read: money savvy) is something most teens don't have, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a study by the Charles Schwab Foundation and The Boys and Girls Clubs of America Boys and Girls Clubs of America, federation of more than 1,006 organizations established (1906) in Boston as the Federated Boys' Clubs to help young people, especially those who are disadvantaged. . In fact, answers A through C came straight from the survey of 13- to 18-year-olds. The study found that only 36 percent of teens know how to open a savings account Savings Account A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates. Notes: , and even less know how to balance a checkbook. What to do about it? Well, a whopping 80 percent of teens surveyed believe money management basics should be a high-school requirement. Yet, only seven U.S. states require a personal finance course for graduation. If your school isn't located in one of the lucky seven, look into Schwab's Money Matters: Make It Count program at bgca.org to get a heads-up on managing your cha-ching jar. |
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