What Is the Minimum Amount of Money You Should Have

question 51

Multiple Choice

What is the minimum amount of money you should have in your emergency fund account,and once you have that,what should your next goal be?

• A)$750; 3 months' wages
• B)$500; 4 months' wages
• C)$1,000; 6 months' wages
• D)$1,500; 6 months' wages

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Definitions:

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Asking questions that provide an increased understanding of a problem.

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Situation Evaluation

The process of assessing a set of circumstances or facts to determine the current status or identify necessary actions.