Many Financial Experts Advise That You Set Up a Contingency

question 122

Multiple Choice

Many financial experts advise that you set up a contingency fund equal to about ________ of your earnings and keep these funds in highly liquid accounts.

• A) two months
• B) six months
• C) one year
• D) three years

---

Definitions:

Yearly Donations

The sum of contributions received within a one-year period, often tracked by charitable or non-profit organizations.

Thousands of Dollars

A unit of measurement used in financial reporting, economic analysis, or budgeting, representing a multiplier of one thousand dollars.

Lower Quartile

Another term for the first quartile, indicating the value below which 25% of the data points in a distribution fall.

Ages of Jockeys

A specific demographic detail referring to the different ages of riders in horse racing.