An Emergency Fund Should

question 41

Multiple Choice

An emergency fund should

• A)be able to cover 1 month of living expense.
• B)begin after you invest in the stock market.
• C)consist of mutual funds primarily
• D)be able to cover a minimum of 3 months of living expense
• E)not be required if you have unused credit card debt.

---

Definitions:

Higher Sense

A profound or enhanced understanding or perception of situations, concepts, or sensory experiences.

Myelin

A fatty white substance that surrounds the axon of some nerve cells, forming an insulating layer that is essential for the proper functioning of the nervous system.

Fatty White Tissue

A type of body fat, also known as white adipose tissue, which stores energy and secretes hormones.

Deliberate Practice

The act of repetitively practicing a skill with the explicit goal of improving performance, incorporating immediate feedback and focusing on technique.