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 auto insurance to cover the needs of dependents

Question

Quizplus · Accepted Answer

Investing in a growth mutual fund to accumulate retirement funds is a long-term financial strategy because it involves committing funds for an extended period of time to achieve a higher return on investment in the future. The other options listed are either short-term solutions or not necessarily focused on long-term financial goals.

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