(From left) The Manila Times Chief Operating Officer Blanca Calilung Mercado and President Dante Ang 2nd ink a partnership with MoneyMax.ph’s Moritz Gastl and Rahul Maira Photo by Rene H. Dilan
Financial literacy is defined as the ability to understand how money works. When a person is financially literate, he/she can make informed financial choices in saving, investing, and borrowing, among others.