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Which action is an example of a short-term savings goal? A. Saving to buy a house OB. Saving for college C. Saving for a new smartphone D. Saving to buy a new car
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37 votes
37 votes
Which action is an example of a short-term savings goal?

A. Saving to buy a house
OB. Saving for college
C. Saving for a new smartphone
D. Saving to buy a new car

User Itako
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3.1k points

2 Answers

28 votes
28 votes

Answer:

C - Saving for a new smartphone

Step-by-step explanation:

Due to the relatively low price of the phone compared to the other three options, you would only have to save around ~200$, making it a shorter term goal than saving for college, a house or a car, which is usually upwards of 10k

User Emil Johnsson
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2.9k points
11 votes
11 votes
C. Saving for a new smartphone
User Pawelbrodzinski
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2.5k points
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