How far the accusation of lewdness brought against them is just is hard to say, but they seem to have been a really serious peril to the nation.
The possession of knowledge and understanding of financial matters. Financial literacy is mainly used in connection with personal finance matters. Financial literacy often entails the knowledge of properly making decisions pertaining to certain personal finance areas like real estate, insurance, investing, saving (especially for college), tax planning and retirement.
Figure 1. Conceptual Model of Financial Literacy. Accordingly, a composite definition of financial literacy that builds off of those given by. PACFL (2008) and various researchers (Table 1) is: Financial Literacy: knowledge of basic economic and financial concepts, as well as. the ability to use that knowledge and other financial skills to manage financial.