Which of the following is usually considered a long-term financial strategy?
A)Creating a budget this year
B)Using savings to pay off a loan within one year
C)Renting an apartment for three years to save for the purchase of a home
D)Investing in a mutual fund for six years to accumulate retirement funds
E)Purchasing a six month auto insurance policy to cover the needs of dependents

Question

Quizplus · Accepted Answer

Investing in a mutual fund for six years to accumulate retirement funds is considered a long-term financial strategy because it involves planning and saving for future financial goals over an extended period.

Which of the Following Is Usually Considered a Long-Term Financial