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W!SE Financial Literacy Test | Questions and Answers
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Which of the following statements is usually true about individuals who are financially literate? - ANSWER They understand the basics of personal finance and money management Reason:Financial literacy is knowledge of facts, concepts, and technological tools that are basic to being smart about money. People who are not financially literate are more likely to fall prey to consumer scams, have excessive consumer debt, and spend their money without a spending plan. Ultimately, they may end up in serious financial trouble.
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