Which of the Following Is Usually Considered a Long-Term Financial

question 33

Multiple Choice

Which of the following is usually considered a long-term financial strategy?

• A)creating a budget
• B)using savings to pay off a loan early
• C)renting an apartment to save for the purchase of a home
• D)investing in a growth mutual fund to accumulate retirement funds
• E)purchasing life insurance to cover current needs of dependents

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Definitions:

Caregivers

Individuals who provide care for another person, typically a family member or someone unable to care for themselves due to illness, disability, or age.

Late-life Remarriages

The act of marrying again in later adulthood, often after being divorced or widowed, which can have significant social, emotional, and financial implications.

Midlife Remarriages

The act of marrying again during midlife, often bringing together blended families and dealing with unique relationship dynamics.

Satisfied

The feeling of contentment or pleasure in one's achievements, possessions, or state of being.