Discuss the term Fiscal Literacy, what you have learned about it so far in the program and relate it to what we are discussing in this course.

Fiscal literacy
The Term “Fiscal literacy” works on the intersection of credit, financial as well as other debt management along with knowledge that is required to make decisions which are responsible fiscally. Fiscal literacy tends to include the understanding the working of checking accounts, credit cards and saving accounts and the ways to avoid debt in general. Fiscal literacy shows impact on the day to day decisions of an average family so as to balance budget, buy home and complete long term goals like creating fund for higher education of children as well as to ensure comfortable income at the time of retirement (Lusardi & Mitchell, 2009). People globally lack fiscal literacy either be developed or developing country, the lack of strong grasp on the basic...