Question

15.
Which of the following would be considered a long-term goal for saving? (Choose all that apply.)

A.
Stereo

B.
Apartment deposit

C.
Emergency fund

D.
Video Game

Answer 1

None of the above.

- A (Stereo) and D (Video game) are short-term purchases.
- B (Apartment deposit) is usually a short- to medium-term goal.
- C (Emergency fund) is a short- to medium-term goal because it should be built and kept accessible rather than saved for many years.