ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When a goal has been set to save $100.00 a month for an emergency fund of $2000.00, giving up food from the vending machine to achieve that goal is the:
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opportunity cost
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interest
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specific part of the SMART goal
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trade-off
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Explanation:
Detailed explanation-1: -When a goal has been set to save $100.00 a month for an emergency fund of $2, 000.00, giving up food from the vending machine to achieve that goal is the: Invest as long as possible and at the highest interest rate possible.
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