2
QuizMultiple Choice

3.11 Budgeting

Question 2 • Personal Finance - EL3403

A short-term financial goal might include saving for

Answer
A
a down payment on a house.
B
a piece of furniture.
C
a child’s college fund.
D
one’s retirement.

Explanation

A short-term goal is something you can usually save for and achieve within a relatively brief period. A piece of furniture is typically a smaller purchase that can be planned for over months, while a house down payment, college fund, and retirement savings generally require much longer-term planning.

AI-written and checked against the verified answer.

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