Question

Which situation BEST describes saving for a long-term goal?

(1 point)

Osaving to start a business at retirement

Osaving to pay for household expenses

Osaving to go on vacation

Osaving to make a student loan payment

Answer 1

Saving to start a business at retirement is the best situation that describes saving for a long-term goal, as it requires planning and saving over a lengthy period of time in order to achieve the goal of starting a business after retirement.