The goal of accumulating capital is to allow an individual to
A) buy the things that satisfy present wants and needs.
B) have funds available to invest.
C) buy now, pay later.
D) establish a good credit rating.

Question

Quizplus · Accepted Answer

The goal of accumulating capital is to have funds available to invest in order to generate more wealth in the future. While buying things that satisfy present wants and needs is important, it is not the main goal of accumulating wealth. "Buy now, pay later" is not a goal of accumulating capital but rather a financial philosophy that can potentially undermine wealth accumulation. Establishing a good credit rating can be a side benefit of accumulating capital, but it is not the primary goal.

The Goal of Accumulating Capital Is to Allow an Individual