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Questions and Answers
Which of the following best describes the role of financial education in achieving financial well-being?
Which of the following best describes the role of financial education in achieving financial well-being?
- It provides individuals with opportunities to invest in stocks and bonds.
- It helps individuals understand the importance of saving money. (correct)
- It focuses on improving individuals' physical health and well-being.
- It teaches individuals how to become successful entrepreneurs.
What are the three pillars of investments?
What are the three pillars of investments?
- Saving, spending, and investing
- Income, expenses, and savings
- Risk, return, and diversification (correct)
- Stocks, bonds, and real estate
Why is there a need for financial literacy?
Why is there a need for financial literacy?
- To increase personal wealth
- To achieve financial independence
- To make informed financial decisions (correct)
- To avoid financial scams
Which of the following is NOT a reason for the need for financial literacy?
Which of the following is NOT a reason for the need for financial literacy?
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What is the role of financial education in achieving financial well-being?
What is the role of financial education in achieving financial well-being?
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Which of the following is NOT one of the three pillars of investments?
Which of the following is NOT one of the three pillars of investments?
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