The Amount Put Aside as an Emergency Fund Should Be

question 42

True/False

The amount put aside as an emergency fund should be equal to 3 to 9 months of living expenses.

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Definitions:

DAX

The Deutscher Aktienindex, a major stock market index consisting of the 30 major German blue chip companies trading on the Frankfurt Stock Exchange.

Bankers' Acceptances

Short-term debt instruments issued by a company that is guaranteed by a commercial bank.

Eurodollars

Deposits held in U.S. dollars at banks outside the United States, often used in international lending.

Repos

Short for repurchase agreements, a form of short-term borrowing for dealers in government securities.