Which of the Following Is One of the Most Important

question 5

Multiple Choice

Which of the following is one of the most important predictors of savings and investment success and overall well-being?

• A) Financial literacy.
• B) Financial well-being.
• C) Financial knowledge.
• D) Financial ability.

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Definitions:

Welfare Dependency

A situation where individuals or families remain reliant on government assistance for long periods, potentially hindering self-sufficiency.

Low IQ

Refers to an Intelligence Quotient that is significantly below the average for an individual's age group, often indicating difficulties in intellectual functioning.

Environmental Influence

Refers to the impact that surroundings, including physical, social, and cultural environments, have on living organisms, shaping behaviors, development, and evolution.

Adoptive Parents

Individuals who legally assume the role and responsibilities of parenting a child not born to them biologically.