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:

International Allocation

The process of distributing resources or assets among different countries or international players based on specific criteria or needs.

Technological Advances

Improvements or innovations in technology that increase productivity, efficiency, or bring new products and services to the market.

Incomes

Earnings accrued, especially periodically, from labor or investment gains.