Question

question 13 of 20
which example is the long-term savings goal?
a. saving to buy a new house
b. saving to go to a concert
c. saving to buy a new pair of shoes
d. saving to go to a restaurant

Explanation:

Long-term savings goals require accumulating funds over an extended period, often years. Buying a house demands a large sum (down payment + closing costs) that takes significant time to save. Options B, C, and D are short-term goals, as they involve small, quickly achievable amounts of money for immediate or near-immediate expenses.

Answer:

A. Saving to buy a new house