Australia has a high literacy level why is this important to their economy

Financial literacy makes a major impact to the soundness of the financial system. The RBA believes that borrowers in a financially educated society will be less likely to take on more debt just because credit is easily accessible. The Bank argues the borrowers will have a much better chance of riding out an economic recession without defaulting on their debt repayments. This, in turn, will help minimize the bad debt experience of financial institutions and therefore, help strengthen the health and efficiency of the financial system.

c it says nothing about connecting those 2 seas.

world war i began in 1914, after the assassination of archduke franz ferdinand, and lasted until 1918. during the conflict, germany, austria-hungary, bulgaria and the ottoman empire (the central powers) fought against great britain, france, russia, italy, romania, japan and the united states (the allied powers). to new military technologies and the horrors of trench warfare, world war i saw unprecedented levels of carnage and destruction. by the time the war was over and the allied powers claimed victory, more than 16 million people—soldiers and civilians alike—were dead.

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