ow would you compare a medium-term savings goal to a long-term savings goal? Select the best answer.(1 point) Responses A medium-term goal focuses on saving for large purchases; a long-term goal focuses on saving for retirement. A medium-term goal focuses on saving for large purchases; a long-term goal focuses on saving for retirement. A medium-term goal focuses on building an emergency fund; a long-term goal focuses on building a retirement fund. A medium-term goal focuses on building an emergency fund; a long-term goal focuses on building a retirement fund. A medium-term goal focuses on saving for retirement; a long-term goal focuses on saving for emergencies. A medium-term goal focuses on saving for retirement; a long-term goal focuses on saving for emergencies. A medium-term goal focuses on saving for large purchases; a long-term goal focuses on saving for an emergency. A medium-term goal focuses on saving for large purchases; a long-term goal focuses on saving for an emergency.

Answer 1

The best answer is: A medium-term goal focuses on saving for large purchases; a long-term goal focuses on saving for retirement.

This statement accurately reflects the typical distinction between medium-term and long-term savings goals. Medium-term goals are often associated with significant purchases such as a car or home, while long-term goals are generally centered around retirement savings, which requires planning and saving over many years.