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Which is true about the role of cost of living on meeting financial goals?A.The lower the cost of living, the more it affects meeting financial goals.B.The cost of living stays the same in any state but does affect financial goals.C.The higher the cost of living, the more it affects meeting financial goals.D.The cost of living varies from place to place but does not affect financial goals.

Question

Which is true about the role of cost of living on meeting financial goals?A.The lower the cost of living, the more it affects meeting financial goals.B.The cost of living stays the same in any state but does affect financial goals.C.The higher the cost of living, the more it affects meeting financial goals.D.The cost of living varies from place to place but does not affect financial goals.

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Solution

The correct answer is C. The higher the cost of living, the more it affects meeting financial goals. This is because a higher cost of living means that you need more money to cover basic expenses like housing, food, and transportation. This can make it more difficult to save money and meet financial goals.

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