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Are You Financially Savvy?

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Questions and Answers

Which countries have state-run programs focused on raising interest in personal finance?

Australia, Canada, Japan, the United States, and the United Kingdom.

Why is understanding basic financial concepts important?

Understanding basic financial concepts allows people to know how to navigate in the financial system.

What is financial literacy?

Financial literacy is the possession of skills, knowledge and behaviors that allow an individual to make informed decisions regarding money.

How does financial literacy training impact financial decisions?

<p>People with appropriate financial literacy training make better financial decisions and manage money better than those without such training.</p> Signup and view all the answers

What is the objective of the OECD's inter-governmental project on financial education?

<p>The objective is to provide ways to improve financial education and literacy standards through the development of common financial literacy principles.</p> Signup and view all the answers