1.When answering this question, consider the developmental stages of children and how they learn about money through experiences and education. You can discuss how children start to understand the concept of money through interactions with family, such as receiving pocket money or gifts, and through educational activities at school. 2.You can also mention the role of parents and educators in teaching children about money management and financial literacy. Highlight the importance of practical experiences, such as saving money or making small purchases, in helping children grasp the value of money.