You don’t need to know anything about math or finance to know how much a $10 bill is worth.
But you might need to be able to work out how much that $10 is worth by studying its history, the value of coins and other things.
If you are one of the millions of Americans who struggle to comprehend these topics, it may be time to give financial literacy a shot.
The average person who has to learn financial terms such as what the value is of coins is likely to have a low standard of understanding for the basics of financial terms, such as the difference between a quarter and a dollar.
If someone else is able to explain how the value or exchange rate of a coin is calculated, it will be much easier for them to understand the concept.
For some people, this will be an issue.
For others, it might be a learning opportunity.
It all depends on what you need to learn to be a financial smartass.
For the average person, this can mean working out how to compare the value in a dollar to a penny.
If this is difficult, then perhaps it is time to take financial literacy further.
To help you with this task, we have prepared a handy list of useful financial terms you can learn from.
Read on to find out how you can apply financial literacy to your learning, and learn about how to improve your financial literacy. Read more