It's a good question. We define financial literacy as the knowledge, skills and confidence to manage your financial affairs appropriately. Of course, that will mean different things at different stages of your life. Your example is actually not that far off. While it would be rare, I think, for anyone to teach someone how to write a cheque these days, it actually is appropriate to teach young people how to pay a bill online or how to manage their password information to keep their account secure. These are things that we as adults and sophisticated adults take for granted, but they do need their skills and they do need to be taught.
On July 7th, 2020. See this statement in context.