Rashid's Monthly Expenses Are $4000 and He Expects That His

question 2

Multiple Choice

Rashid's monthly expenses are $4000 and he expects that his cash flow will always be sufficient to cover his expenses. How much should he ideally have in his emergency fund?

• A)$12 000 using a combination of liquid investments and access to credit.
• B)$24 000 because it is always best to be safe.
• C)None, but he needs a $24 000 limit on his credit card.
• D)$12,000 invested in two to three year GICs to get a higher return.

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Definitions:

Epiblast Cells

Cells in the early embryo that give rise to the tissues of the body.

Mesoderm

Middle of the three germ layers of an embryo.

Mesoderm

The middle layer of an embryo in early development, which gives rise to muscles, bones, and circulatory and excretory systems.

Epiblast Cells

The cells in the early embryo that give rise to all of the body's tissues and organs during development.