Social Sciences, asked by Deepika12345, 1 year ago

Financial literacy is important for consumer production and financial stability explain

Answers

Answered by Raahul09
0
HEY
ANSWER:-


With the Rapid pace of financial innovation the growth Complex of financial production and the increasing amount of size of financial risk and responsibility transferred to household it has become very difficult for the average consumer to successfully navigate the financial market place and let alone for world he informed individual.


Even in the absence of the cases development in financial marketing demography economics and policy change all point of the importance of financial education in hands financial Consumer Protection survey of financial literacy can't you need to show that consumers in the virtual even every country like educated financial background or understanding and that late underestimate there need for the education in the financial area state level head of the financial affairs and divisions of oecd.

It recommended address of Central issue that has been largely and surprisingly overload in discussion of the relation the crisis name the protection and empowerment of consumer in an increasingly Complex and vital financial moment Minister Neville conclude the weekends are the latest series of elements by the ocean to improve public understanding of financial product.

_______&_______________&____

HELP YOU

Deepika12345: Omg..!Thanks a ton
Raahul09: Why
Answered by osoiekoduke
0

Financial literacy is the act whereby one is well informed concerning financial issues.

Consumer production is the out put that consumer gives to get a good or service.

Financial stability is the situation in which a consumer is able to be financially fit to get access to goods and services.

The consumers are advised to have the knowledge


Similar questions