Final answer:
A long-term investment objective is defined as one that will be accomplished within a period of 10 years. Typically, a long-term investment refers to investing money for a period of more than five years.
Step-by-step explanation:
A long-term investment objective is defined as one that will be accomplished within a period of 10 years (c).
Typically, a long-term investment refers to investing money for a period of more than five years. It is often associated with goals such as saving for retirement, purchasing a home, or funding a child's education. Long-term investments usually involve a higher level of risk tolerance and allow for the potential growth of funds over an extended period.
For example, if a person starts saving for retirement at the age of 30, they may have a time horizon of 35 years until retirement. During this long-term period, they can invest in assets that have the potential to generate higher returns, such as stocks or real estate.