Question

What is a financial reserve? A. An amount of money that's been set aside for emergencies B. An amount of money that's been set aside for short-term goals C. A way of organizing finances to set and meet goals D. A plan for what you'll do with your money

Answer 1

d a plant for what you do with your money

Answer 2

A financial reserve generally refers to (A) an amount of money that’s been set aside for emergencies. A financial reserve is a crucial amount of money that you should save from your income. Generally, it is around 3-6 months of your monthly expenditure. It should be separate from your savings account or investments since this is money you cannot afford to lose or not have.