Samuel has $20 and wants to buy a notebook. He buys the first one he finds, costing him $6. Evaluate Samuel's financial literacy.

Select the best answer from the choices provided.

A.

Samuel is financially literate because he managed his finances.

B.

Samuel is financially literate because he found a notebook at a good price.

C.

Samuel is not financially literate because his decision was not informed.

D.

Samuel is not financially literate because the notebook was not a need.

Question

Business

Kathleen Rich

3 January, 00:29

Samuel has $20 and wants to buy a notebook. He buys the first one he finds, costing him $6. Evaluate Samuel's financial literacy.

Select the best answer from the choices provided.

A.

Samuel is financially literate because he managed his finances.

B.

Samuel is financially literate because he found a notebook at a good price.

C.

Samuel is not financially literate because his decision was not informed.

D.

Samuel is not financially literate because the notebook was not a need.

+2

Answers (2)

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Padilla · Answer 1

It is C. this is because Samuel did not even check to see if there were any cheaper notebooks available. he just bought the first one he saw. he was not informed of any other cheaper books.