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ANSWER. Financial literacy- implies reference to
money matters, esp. where large sums are involved.
-Ability of individuals to make appropriate decisions is managing their personal finances.
Financial literacy is like print literacy; or knowing how to read and write. It is the knowledge of basic but essential concepts that enable people to navigate today’s economy.
ANSWER. I took a test to see if I was financially literate, and I scored 100%, so I am financially literate.
ANSWER. If I compare myself to others with
respect then I would honestly have to say I know more about financial literacy.
QUESTION 4
How does financial literacy in the United States (or Italy) compare with respect to other countries?
ANSWER. The United States compares to other
countries with respect by knowing a little more about financial literacy.
ANSWER. I should be financially literate because I
could have better understanding of financial and banking products, be more prepared to pursue my financial goals, take control of my money, it would improve my saving skills, and I would be more prepared for unforeseen situations.
ANSWER For readers in the United States, a
reliable and independent source of information is www.mymoney.gov.
QUESTION 7
What if I want to have fun while I’m learning financial literacy? Where do I go and what can I do?
ANSWER. Doorways to dreams has designed
several financial literacy video games, so you can become financially literate while having fun!
ANSWER. To promote financial literacy and to also
become financially literate you must ask for financial literacy programs in your school, workplace, and your local library. Become an ambassador for financial literacy!
ANSWER People that are promoting financial
literacy are Elmo, puppet and TV celebrity, Ben Bernanke, chairman of the Federal Reserve, Ray Lewis, football star. Both President Bush And Obama have been supportive of financial literacy.
ANSWER. Yes, there are many! One important
initiative is that of the OCED (Organization for Economic Cooperation and Development.
ANSWER. A business plan is so important because
it actually serves as a compass for the direction your business will take in the future. You should write your own business plan.
ANSWER. To determine your start-up costs you
must identify all the expenses that your business will incur during its star-up phase. Some of these expenses will be one-time costs such as the fee for incorporating your business.
ANSWER. Competition is the battle between
businesses to win consumer acceptance and loyalty. Competition is believed that having more than competing will result as having better quality of items at a lower cost. If there weren’t any competitors, the price would be higher than it actually is!
ANSWER. When you hear this question, think of
the four P’s. Product, price, promotion, and place. Think of some questions you could ask yourself when you find yourself at the four P’s!
QUESTION 15
Where can a business owner go to receive advice or assistance with their business? (ex. Marketing, Customers, How to Improve, Finances/Keep Records)?
ANSWER. SCORE- “Counselors to Americas small
business provides free and confidential business advice and mentoring services to entrepreneurs nationwide.
REFERENCES!1a- Webster, Marriam, Webster Dictionary1b, 6, 7, 8, 9, 10 –
www.marketplace.org/topics/like/makin-money/top-ten-list-financial-literacy
2- www.rand.org/labor/centers/financial-literacy/widgets /financial-knowledge-text.html
3 & 4- www.usfinancialcapability.org5- www.financialliteracycarribean.com11- www.ezinearticles.com12-
www.smallbusiness.dnb.com/business-planning-structures/starting-a-business/661-1.html
13- http://www.enotes.com/competition-reference/competition-174180
14 & 15- www.articles.bplans.com/starting-a-business/top-15-questions-from-score/205