Passage: Surveys suggest that a large portion of Pakistan’s adult population lacks basic financial literacy, including understanding of savings, interest rates, and loan terms. This gap leaves many vulnerable to predatory lending practices that trap borrowers in cycles of debt. Some banks have begun offering free financial literacy workshops, though attendance remains low due to limited awareness of such programs. Question: What is the main idea of the passage?

Question

Passage: Surveys suggest that a large portion of Pakistan&#8217;s adult population lacks basic financial literacy, including understanding of savings, interest rates, and loan terms. This gap leaves many vulnerable to predatory lending practices that trap borrowers in cycles of debt. Some banks have begun offering free financial literacy workshops, though attendance remains low due to limited awareness of such programs. Question: What is the main idea of the passage?

Accepted Answer

Low financial literacy leaves many people vulnerable, despite emerging solutions. The passage identifies a literacy gap and its risks, alongside limited-reach solutions like workshops

Explanation