It is not by chance that teaching experts know that by learning early we know better, and that by knowing deeper we know forever. Financial literacy is the ability to understand finance. More specifically, it refers to the acquired financial skills and knowledge that allow us to make informed and effective decisions through our understanding of finance.
Such an approach extends this concept beyond households and corporates to existing and potential investors. Although the expanding financial crisis does not stem from a single cause, the role of financial literacy, or rather lack of it, has been evident.