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

question 88

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 mutual fund to accumulate retirement funds
• E)Purchasing auto insurance to cover the needs of dependents

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Definitions:

Coral Reef

A large underwater structure made of the skeletons of tiny sea creatures called corals, known for its rich biodiversity.

Fractured Rocks

Rocks that have been broken into pieces due to various processes such as pressure, temperature changes, or physical wear.

Weathering

The breakdown of rocks, soils, and minerals through direct contact with the Earth's atmosphere, water, and biological organisms.

Composition

The chemical and mineralogic makeup of a material, including rocks, minerals, or atmospheres.