bank and income statements quick check\nhow would you compare a medium - term savings goal to a long - term…

bank and income statements quick check\nhow would you compare a medium - term savings goal to a long - term savings goal? select the best answer. (1 point)\na medium - term goal focuses on saving for large purchases; a long - term goal focuses on saving for retirement.\na medium - term goal focuses on building an emergency fund; a long - term goal focuses on building a retirement fund.\na medium - term goal focuses on saving for retirement; a long - term goal focuses on saving for emergencies.\na medium - term goal focuses on saving for large purchases; a long - term goal focuses on saving for an emergency

bank and income statements quick check\nhow would you compare a medium - term savings goal to a long - term savings goal? select the best answer. (1 point)\na medium - term goal focuses on saving for large purchases; a long - term goal focuses on saving for retirement.\na medium - term goal focuses on building an emergency fund; a long - term goal focuses on building a retirement fund.\na medium - term goal focuses on saving for retirement; a long - term goal focuses on saving for emergencies.\na medium - term goal focuses on saving for large purchases; a long - term goal focuses on saving for an emergency

Answer

Brief Explanations:

Medium - term savings goals typically target larger purchases like a car or a home renovation within a few years. Long - term savings goals are often centered around retirement, which is a long - term financial need that requires years of consistent saving. Emergency funds are usually short - term savings goals.

Answer:

A. A medium - term goal focuses on saving for large purchases; a long - term goal focuses on saving for retirement.