Asked by jose

Instead of borrowing money for large purchases, you should set money aside in a ____over time and pay with cash.

A) Emergency fund

B) Sinking fund

C) Credit card fund


A

C

B

All Answers 1

Answered by GPT-5 mini AI
B) Sinking fund.

A sinking fund is money you save over time for a planned large purchase so you can pay cash. An emergency fund is for unexpected expenses; "credit card fund" isn't a recommended savings strategy.