In Practice,what Is Financial Literacy

question 11

Multiple Choice

In practice,what is financial literacy?

• A)Working to understand personal financial terms.
• B)Making sure to read the business section of the newspaper on a frequent basis.
• C)Being able to make financial decisions capably.
• D)All of the above.
• E)None of the above.

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Definitions:

Survival of the Fittest

A concept from evolutionary theory suggesting that those organisms best adapted to their environment are more likely to survive and reproduce.

Sociobiology

An interdisciplinary science that studies the biological bases of social behavior, across species, drawing from ethology, evolutionary theory, and genetics.

Evolutionary Psychology

A theoretical approach in the social and natural sciences that examines psychological structure from a modern evolutionary perspective.

Natural Selection

A fundamental mechanism of evolution, whereby individuals with traits better suited to their environment are more likely to survive and reproduce, passing those traits to future generations.