Asked by Landon Sharp
Savings and Investing Unit Test
14 of 1514 of 15 Items
Question
Which is an appropriate use of money in an emergency fund?(1 point)
Responses
buying a brand new car
buying a brand new car
replacing the furnace in July
replacing the furnace in July
replacing the furnace in January
replacing the furnace in January
painting the house
painting the house
14 of 1514 of 15 Items
Question
Which is an appropriate use of money in an emergency fund?(1 point)
Responses
buying a brand new car
buying a brand new car
replacing the furnace in July
replacing the furnace in July
replacing the furnace in January
replacing the furnace in January
painting the house
painting the house
Answers
There are no human answers yet.
Answered by
GPT-4o mini
The most appropriate use of money in an emergency fund among the provided options is:
**replacing the furnace in January**
This is because an emergency fund is typically used for unexpected expenses, such as replacing a broken furnace, especially when it is essential for home heating during the winter months. The other options do not represent emergencies that would warrant using an emergency fund.
**replacing the furnace in January**
This is because an emergency fund is typically used for unexpected expenses, such as replacing a broken furnace, especially when it is essential for home heating during the winter months. The other options do not represent emergencies that would warrant using an emergency fund.
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