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:

Women's Suffrage

The movement for women's right to vote, culminating in legal reforms that granted female voting rights in various contexts and historical periods.

National Amendment

A change or addition to the Constitution of a nation, often requiring a specific process for ratification.

Constitutional Amendments

Changes or additions to the U.S. Constitution, proposed to adjust governance according to evolving societal values and needs, requiring ratification by a significant majority.

Oregon System

A set of political reforms in the early 20th century in Oregon, including the initiative, referendum, and recall, aimed at increasing public participation in government.