The Amount Put Aside as an Emergency Fund Should Be

question 69

True/False

The amount put aside as an emergency fund should be equal to 1 to 3 months of living expenses.

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Definitions:

Negligent Misrepresentation

A false statement made carelessly that induces someone to act to their detriment, creating legal liability.

Sales Puffery

Exaggerated or boastful statements about a product or service that are not meant to be taken literally and are thus not legally binding promises or warranties.

Justifiably Relied

A principle where a party's action or decision is based on another's representations or promises, perceived as reasonable.

Representation

The act of standing in for or acting on behalf of others, or the presentation of information in a particular manner.