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

Question

Quizplus · Accepted Answer

Investing in a growth mutual fund to accumulate retirement funds is typically considered a long-term financial strategy as it involves setting aside money for future use and waiting for it to grow over time.

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