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Final answer:The statement that is not true about long-term investments is that they are not affected by market fluctuations.Explanation:The statement that is not true about long-term investments is c) Long-term investments are not affected by market fluctuations. Long-term investments, such as stocks, bonds, and real estate, can be affected by market fluctuations. In fact, market fluctuations can have a significant impact on the value of these investments. For example, the value of stocks can go up or down based on market conditions, and the interest rates that affect bonds can also fluctuate....