QUESTION IMAGE
Question
question 2 of 20
by setting money aside for an emergency event, sandi will be:
a. unprepared for her monthly budget payments.
b. well - prepared for unexpected life events.
c. more likely to have nonliquid assets.
d. less likely to have accidents.
Setting money aside for emergencies is a financial practice to prepare for unforeseen circumstances. Option A is incorrect as saving for emergencies doesn't make one unprepared for monthly budgets. Option C is wrong because emergency funds are typically liquid. Option D is incorrect as saving money doesn't reduce the likelihood of accidents. Option B is correct because an emergency fund helps handle unexpected life events.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
B. well - prepared for unexpected life events.