
SMART INVESTMENT DECISIONS DEPEND ON FINANCIAL LITERACY
We know a range of definitions of financial literacy, and in this article, I will focus on the definition of the international Organisation for Economic Cooperation and Development (OECD).
OECD describes financial literacy as a combination of an understanding of financial services and concepts, the ability and self-confidence to understand financial risks, financial opportunities and financial decision-making and activities to improve an individual’s financial situation.