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.

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Definitions:

Self-Esteem

A reflection of one's overall subjective emotional evaluation of their own worth.

Unanimous

Agreement by all people involved; a situation where everyone shares the same opinion or decision.

Normative Social Influence

External social pressures that drive us to adjust ourselves in efforts to be embraced and approved by others.

Group Polarization

The phenomenon where a group of individuals tends to make decisions that are more extreme than the initial inclination of its members.