If You Are Interested in Achieving a Long-Term Savings Goal

question 83

Multiple Choice

If you are interested in achieving a long-term savings goal, then

• A) you are not concerned with paying off your current debt.
• B) you will try to save a small amount because that is better than saving nothing at all.
• C) you will buy a new car because your best friend just bought one.
• D) you believe that 'retail therapy' is the answer to your occasional depression.

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Definitions:

Identity Theft

The fraudulent acquisition and use of a person’s private identifying information, usually for financial gain.

Credit Report

A detailed document that outlines an individual's credit history, including loans, repayments, and overall creditworthiness.

Legal Concept

A conceptual framework comprised of rules, regulations, and principles that govern behaviors, actions, and procedures within a societal context.

Liability

A company's legal financial debts or obligations that arise during the course of business operations.