23
practice examMultiple Choice

Practice Exam

Question 23 • Personal Finance

Part B: What improves long-term outcomes?

Answer
A
inconsistent saving
B
starting early and saving regularly
C
delaying saving
D
ignoring goals

Explanation

Starting early gives savings more time to grow, especially when interest or investment returns compound. Saving regularly also builds a consistent habit and steadily increases the amount set aside. Therefore, “starting early and saving regularly” improves long-term outcomes.

AI-written and checked against the verified answer.

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