Question

.

Emergency funds should have a mix of _____.

A.) cash, regular savings accounts, insurance policies, and CDs

B.) checking accounts, savings accounts, and investment accounts

C.) cash, checking accounts, and other investment accounts

D.) checking accounts, regular savings accounts, and CDs

Answer 1

B

Explanation:

Answer 2

Emergency funds are those funds that you save up to use in case of any immediate emergency. Usually, it consists of money in checking accounts that can cover upto 2 to 3 months of your expenses. Ones insurance policies are also useful in case of emergencies.

Hence, option A is the correct answer.

A - cash, regular savings accounts, insurance policies, and CDs.