3
QuizMultiple Choice

Long-Term Budgets — Quiz

Question 3 • Advanced Financial Algebra

Which factor would most likely decrease a person's long-term savings?

Answer
A
opening a savings or checking account
B
receiving a pay raise
C
having high-interest credit card debt
D
investing in the stock market

Explanation

High-interest credit card debt can steadily increase as interest is added to the balance. Paying that interest uses money that could otherwise be saved, so it is most likely to decrease long-term savings. Opening an account, receiving a pay raise, or investing may help someone save or grow money.

AI-written and checked against the verified answer.

Previous
Next