financial literacy

Definition

Possessing the knowledge necessary to understand concepts related to finance. These ideas may include balancing a checkbook, understanding interest rates, employee benefits, or how the stock market works.

Use financial literacy in a sentence

He had no financial literacy and could not contribute to the discussion at all, because it confused him a lot.

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The financial literacy of the client was poor so made it clear that part of our business was to receive an education.

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The public school system has recently begun a curriculum that teaches financial literacy to students to better prepare them as they enter the workforce.

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financial leverage National Foundation for Credit (NFCC)