Use of English - Multiple Choice

Money Skills

Financial literacy is becoming increasingly important in modern life. Many young adults leave school with a good knowledge of academic subjects, but little idea of how to (0) DEAL with everyday money matters. As a result, they may find it difficult to keep (1) .......... of their spending, avoid debt, or plan for the future. Understanding basic financial concepts can make a big (2) .......... to people's lives. For example, knowing how interest works may stop someone from taking (3) .......... a loan they cannot really afford. In the same way, learning to compare prices and save regularly can help people make the (4) .......... of their income. Financial literacy also gives people more confidence. Instead of depending (5) .......... others for advice, they can make informed decisions for themselves. This can be especially useful when people are faced (6) .......... important choices, such as renting a flat, buying insurance, or opening a bank account. In the long (7) .........., financial education can improve not only personal wellbeing but also society as a whole. People who manage money wisely are less likely to get into trouble and more likely to (8) .......... for unexpected events.