alleryStart learning →In the SMART framework for setting a savings goal, what quality does the letter A stand for?
AAccountability
BAdjustability
CAction-oriented
DAffordability
Answer & Solution
Correct answer: C. Action-oriented
1. SMART names five qualities of a strong goal, one per letter.
2. The A asks what specific actions are needed to meet the goal.
3. That quality is action-oriented.
4. Reachable covers whether the goal is realistic, so affordability is not a separate letter.
5. Time-bound covers the deadline, which is where adjustability would otherwise sit.
_Source: FDIC Money Smart for Adults (September 2018), Module 5: Your Savings, section SMART Goals_
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