Which of the Following Goals Would Be Easiest to Measure

question 1

Multiple Choice

Which of the following goals would be easiest to measure?

• A) Reduce debt payments
• B) Save funds for an annual vacation
• C) Save $100 a month to create a $4,000 emergency fund
• D) Invest for a comfortable retirement

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Definitions:

Clearing

The process of reconciling purchases and sales of various securities, commodities, or currencies and ensuring the correct transfer of funds.

Collection Float

The time period between when a check is deposited into a bank account and the funds become available.

Ledger Balance

represents the total balance in a general ledger account at the beginning of each day, including all transactions that have been posted.

Available Balance

The amount of funds in an account that is accessible for withdrawal or use, taking into account any holds or pending transactions.