Question
Which up and describes and emergency fund
A. Low risk investments in case something bad happens
B. A quantity of money set aside in case something bad happens
C. A quantity of money set aside for an expense that you anticipate such as buying a car or a house
D. A mutual fund that gives you an annual return to grow for retirement
A. Low risk investments in case something bad happens
B. A quantity of money set aside in case something bad happens
C. A quantity of money set aside for an expense that you anticipate such as buying a car or a house
D. A mutual fund that gives you an annual return to grow for retirement
Answers
GPT-4o mini
The correct description of an emergency fund is:
**B. A quantity of money set aside in case something bad happens.**
An emergency fund is typically used to cover unexpected expenses or financial emergencies, such as medical bills, car repairs, or job loss, providing a financial safety net.
**B. A quantity of money set aside in case something bad happens.**
An emergency fund is typically used to cover unexpected expenses or financial emergencies, such as medical bills, car repairs, or job loss, providing a financial safety net.