Which One of the Following Is Not a Recommended Step

question 21

Multiple Choice

Which one of the following is not a recommended step individuals can use to withstand an economic downturn?

• A)Establish a smaller than usual emergency fund
• B)Consider converting investments to cash to preserve value
• C)Notify lenders and credit card companies if you are unable to make payments
• D)Reduce spending
• E)Monitor the value of your investment and retirement accounts

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Definitions:

Trade Disagreements

Conflicts that arise between countries or parties due to differences in trade policies, tariffs, or barriers to the free exchange of goods and services.

EU Regulations

Laws applicable across the European Union, designed to ensure the free movement of goods, services, capital, and people.

Internet Sales

The process of selling goods and services online through various platforms and websites.

Pollution

The contamination of the environment, including air, water, and soil, with harmful or poisonous substances.