MANAGEMENT

Detailed explanation-1: -Any goal within a five-year window is considered short term; anything longer is (you guessed it) long term. Some short-term goal examples include buying a new car or paying down student loans, while long-term goals may be things like saving for retirement, paying for your kids’ education, or buying a vacation home.

Detailed explanation-2: -Saving money for the holidays is an example of a long term goal. The main cause of inflation is an increase in demand without an increase in supply. The time value of money is the amount your original deposit will be worth in the future, based on earning a specified interest rate over a set period of time.