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Why is financial literacy useful for women?

Answer and explanation

Correct answer: To understand decisions related to income, expenses, savings and investment

Financial literacy enables women to make informed decisions about income, budgeting, savings, loans and investment. It strengthens economic independence and participation in family financial planning. Options B, C and D are not purposes of financial literacy. Exam tip: Mention budgeting, saving and economic independence in your answer.

Related tags

Financial LiteracyWomen EmpowermentEconomic IndependenceBudgetingGender And WorkGender Issues Related To WorkWorkLivelihood And CareerWork Livelihood And Career

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