In order to accumulate capital, young adults are likely to have to
A) accept a lifestyle that sacrifices some amenities.
B) live beyond their means.
C) rely on credit cards for basic purchases in order to conserve on cash.
D) borrow funds from a bank.

Question

Quizplus · Accepted Answer

Accumulating capital typically requires saving and investing money over time. This may require making sacrifices in spending or lifestyle choices in order to put away more money for the future. Living beyond one's means or relying too heavily on credit can actually hinder the accumulation of capital, as it can lead to debt and interest payments that eat away at potential savings. Borrowing funds from a bank may be necessary in some situations, but it is not necessarily a requirement for accumulating capital.

In Order to Accumulate Capital, Young Adults Are Likely to Have