Introduction to Financial Literacy Importance

Being financially capable is about behavior, requiring you to take financial knowledge and put it into practice

• True
• False

One part of managing finances is making a plan for how you will save and spend money, or a:

Which is a safe place to store money and earn interest?

• A cryptocurrency account

• Keeping it in cash in your room
• A Federal Deposit Insurance Corporation (FDIC) insured bank

• A newly issued stock

The best time to gain financial literacy skills and start saving and investing is when you're older and at the height of a career

• True
• False

Which is FALSE about financial literacy influencers

• They should always be trusted if they are on social media
• They might be receiving financial compensation for their advice
• They may not have professional certifications or financial background
• Are often expressing their own opinions about how to manage finances

Which of the following is NOT a recommended practice for financial literacy?

• Regularly reviewing your credit report

• Investing all your savings in a single stock

• Creating a budget and sticking to it

• Setting financial goals and working towards them