Saving and investing for the future reduces the amount you can spend now is an example of a(n):
A)Opportunity cost
B)Cash flow management
C)Spending habits
D)Savings plan

Question

Quizplus · Accepted Answer

Opportunity cost refers to the benefit or value that must be given up in order to choose another alternative. In this case, choosing to save and invest for the future means giving up the opportunity to use that money to spend now, which is the opportunity cost.

Saving and Investing for the Future Reduces the Amount You