Which one of the following is not a recommended step individuals can use to withstand an economic downturn?
A)Establish a smaller than usual emergency fund
B)Consider converting investments to cash to preserve value
C)Notify lenders and credit card companies if you are unable to make payments
D)Reduce spending
E)Monitor the value of your investment and retirement accounts

Question

Quizplus · Accepted Answer

Establishing a smaller than usual emergency fund is not recommended during an economic downturn. It's generally advised to have a larger emergency fund to cover unexpected expenses or loss of income during uncertain economic times.

Which One of the Following Is Not a Recommended Step