Web Analytics

Questions › Other

Other Asked by a SnapAndSolve user · 15 minutes ago

of 20 In which situation would it be most appropriate to use money you have set aside in your emergency fund?

Question 11 of 20
In which situation would it be most appropriate to use money you have set aside in your emergency fund?
A. Your microwave stops working.
B. You forgot to pay your phone bill.
C. Your roommate needs $50 for a date.
D. Your friend needs $100 for rent.

Answer

A. Your microwave stops working. An emergency fund covers unexpected expenses, such as repairing or replacing a broken household appliance. A phone bill is a routine expense, and lending money to others is not your own emergency.

Have a similar question?

Snap a photo of your homework and get a step-by-step answer in seconds. You can ask follow-up questions until it makes sense.

Solve my question free Homework help Find a tutor

More other questions