3
QuizMultiple Choice

Budgeting — Quiz

Question 3 • Economics

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 financial goal is something you plan to pay for in the near future. A piece of furniture is usually a smaller purchase you can save for over a relatively short period, unlike a house down payment, retirement, or a child’s college fund, which typically require long-term planning.

AI-written and checked against the verified answer.

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