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Which capacity does financial literacy strengthen for women?

Answer and explanation

Correct answer: Ability to make informed decisions about income, budgeting and savings

Financial literacy enables women to understand information about income, expenditure, budgeting, savings, loans and investments and make informed decisions. Therefore, option A is correct. Merely remembering household expenses is only a small part of financial management; it also includes budgeting and savings decisions. Exam tip: link financial literacy with economic independence and informed decision-making.

Related tags

Financial LiteracyWomen EmpowermentFinancial Decision MakingBudgetingSavingsEconomic IndependenceWomen And Work: Issues And ConcernsWomen And Work Issues And Concerns

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