Question

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

Answer 1

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.