Which of the Following Is an Inappropriate Option for Housing

question 25

Multiple Choice

Which of the following is an inappropriate option for housing your emergency fund and other short-term savings?

• A) Somewhere in your house.
• B) Savings account.
• C) Money market account.
• D) Certificate of deposit.

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Definitions:

Underlying Continuum

An uninterrupted sequence or range in which items change gradually from one condition, form, or level to another, and are not perceived as discrete steps.

Nominal Level

The most basic level of measurement that categorizes data without implying any quantitative order or degree of difference between the categories.

Median

The middle value in a data set, separating the higher half from the lower half, providing a measure of central tendency that is not influenced by extreme values.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, such as the mean, median, or mode.