Course · Lesson 13 of 365 · Taxes & Personal Finance
What Is Financial Literacy? Explained Simply
Video coming soon. The lesson video will appear here once it is published on YouTube.
In this lesson you learn to
- Explain what financial literacy means using the OECD definition
- Name the five core tools: planning, interest, inflation, risk and reading your own numbers
- Calculate net worth as what you own minus what you owe
- Check common claims about financial literacy against survey evidence
Part of the full course
The quiz for this lesson (11 questions with explanations) is included in the full course. Lessons 1 to 7 are free.
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Education only. Not financial advice.