One Technique for Establishing a Sizable Savings Balance Is To

question 83

Multiple Choice

One technique for establishing a sizable savings balance is to:

• A) follow the "pay yourself last" approach.
• B) have a predetermined amount from each paycheck automatically deposited into your savings account.
• C) invest in one specific financial security rather than investing in a diversified financial portfolio.
• D) use traditional banks instead of online savings banks because they typically pay higher rates of interest.

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Definitions:

Situational Type Phobia

A type of anxiety disorder characterized by an irrational fear of specific situations, such as public speaking or flying.

Social Anxiety Disorder

A chronic mental health condition characterized by an intense, persistent fear of being watched and judged by others.

Natural Environment Type Phobia

An intense, irrational fear of specific situations, activities, or things in the natural environment, such as heights, water, or insects.

Animal-type Phobia

Intense, irrational fear of specific animals that leads to significant distress or avoidance behavior, such as fear of spiders (arachnophobia) or snakes (ophidiophobia).