Dollars set aside for a variety of situations are known as:
A)Working dollars
B)Nonworking dollars
C)Contingency dollars
D)Agency dollars
E)None of the above

Question

Quizplus · Accepted Answer

Dollars set aside for a variety of situations are known as contingency dollars. This type of fund is used to cover unexpected expenses or emergencies that may arise, such as a sudden loss of income or a major home repair. Having contingency dollars set aside can help individuals or households avoid taking on debt or falling into financial hardship when unexpected events occur.

Dollars Set Aside for a Variety of Situations Are Known