A(n)________ is a reserve or rainy-day fund with money set aside to be used for unexpected expenses or when normal income has been disrupted.
A)emergency fund
B)umbrella fund
C)resources fund
D)risk fund

Question

Quizplus · Accepted Answer

An emergency fund is specifically set aside for unexpected expenses or periods of financial disruption, making it the best choice for this definition. "Umbrella fund," "resources fund," and "risk fund" do not have the same clear association with emergency savings.

A(n)________ Is a Reserve or Rainy-Day Fund with Money Set