If Your Monthly Expenses Total $2,000,you Should Save at Least

question 147

Multiple Choice

If your monthly expenses total $2,000,you should save at least _______ in an emergency fund before focusing on your investment portfolio.

• A)$1,000
• B)$2,000
• C)$4,000
• D)$6,000
• E)$8,000
• F)$10,000

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Definitions:

Nobles

Nobles refer to individuals of high social rank, typically holding titles in the aristocracy, and often possessing unique privileges, lands, and influence in their societies.

Standing Army

A permanent, professional army maintained in times of peace as well as war, distinguishing it from temporary forces raised during emergencies.

Privilege

A special right, advantage, or immunity granted or available only to a particular person or group of people.

Legitimize

To make something legal, acceptable, or recognized according to law or social norms, often in reference to authority, rights, or offspring.