A Valid Long-Term Investment Goal Is

question 120

Multiple Choice

A valid long-term investment goal is

• A) Saving $4,000 per year for 40 years for retirement.
• B) Spending less than $500 per month for housing.
• C) Accumulating $3,000 in a savings account over the next 18 months.
• D) Using credit cards less in the next six months.
• E) Purchasing a $250,000 life insurance policy within the next four years.

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Definitions:

Foreign Assets

Assets such as securities, properties, and bank accounts held by a country's residents or the government in foreign countries.

Domestic Assets

Domestic assets are financial assets located within a country's borders and denominated in the country's domestic currency.

Foreign Assets

Financial assets held in a country other than the investor's home country, including stocks, bonds, real estate, or currencies.

U.S. Net Exports

The value of goods and services exported by the United States minus the value of goods and services it imports, reflecting the country's trade balance.