Maintaining a "rainy day fund" is another way of making sure you have adequate
A) liquidity.
B) life insurance.
C) property insurance.
D) foul weather gear.

Question

Quizplus · Accepted Answer

A "rainy day fund" is essentially a financial buffer or emergency fund, designed to provide liquidity in times of unexpected expenses or financial downturns, ensuring that one has immediate access to cash without needing to liquidate other assets.

Maintaining a "Rainy Day Fund" Is Another Way of Making