Planning to pay off a car loan in three years' time is classified as
A)investment planning.
B)increasing cash flow.
C)a medium-term goal.
D)a short-term goal.

Question

Quizplus · Accepted Answer

Planning to pay off a car loan in three years' time is not a short-term goal as it extends beyond one year, and it's not a long-term goal as it can be achieved within five years. Therefore, it falls under the category of medium-term goals.

Planning to Pay Off a Car Loan in Three Years