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:

Scatterplot

A type of graph used in statistics to visually display and assess the relationship between two quantitative variables by plotting data points on a two-dimensional axis.

Bell-Shaped Curve

A graphical representation of a normal distribution, indicating that most occurrences happen near the mean, with fewer observations noted at the extremes.

Coin Flips

A simple randomization technique or decision-making tool where the outcome of a coin toss is used to choose between two alternatives.

Most Probable

Referring to an event or outcome that has the highest likelihood of occurring compared to other possibilities.