Who is a financially literate person?

Question

Answer

is able to make rational choices about financial services

Answer

he has own financial goals and priorities

Answer

is aware of the risks in the financial market

Answer

never reads the terms and conditions of the contract with the financial institution

Answer

maintains records of revenues and expenses, assets and liabilities

Answer

has a financial "safety cushion"

Answer

he lives beyond his means, go into debt disproportionate to his income, and cannot pay off his debts

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