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Questions and Answers
What are the key drivers of financial well-being based on the text?
What are the key drivers of financial well-being based on the text?
- Entertainment preferences
- Social media
- Psychological influences (correct)
- Technological advancements
What do older Canadians with high financial well-being usually have?
What do older Canadians with high financial well-being usually have?
- Insecurity about the future
- Positive financial choices and experience (correct)
- Limited financial knowledge
- High debt levels
How is financial well-being determined in the Kempson et al. model?
How is financial well-being determined in the Kempson et al. model?
- By income alone
- By 5 categories of factors including financial behaviors, social factors, psychological factors, economic factors, financial knowledge and experience (correct)
- By financial products experience
- By age and employment status only
What is the main focus of the Backgrounder report released by FCAC in November 2018?
What is the main focus of the Backgrounder report released by FCAC in November 2018?
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Based on the text, what is a key finding related to Canadians with high financial well-being?
Based on the text, what is a key finding related to Canadians with high financial well-being?
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