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

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14-04-2016
Business

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

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RyanGNR1080 RyanGNR1080 · Answer 1 · 2016-04-15T00:37:49+02:00

RyanGNR1080 RyanGNR1080

15-04-2016

Low financial literacy, because if he had a higher understanding of how choices work he would put a bit more effort into finding a lower-priced one, spending a bit more time as a trade-off for being able to spend more of his money later.

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