Economics · Financial Literacy
Why does the author describe financial literacy as 'macro-critical' rather than just a personal skill?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Because it is the only way to ensure the proliferation of FinTech products.
- 2Because widespread financial mismanagement can destabilize the national economy and fiscal health.✓
- 3Because the government plans to tax people based on their financial knowledge.
- 4Because it helps individuals pick better stocks in the digital economy according to their personal requirements.
Correct answer
Because widespread financial mismanagement can destabilize the national economy and fiscal health.
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