Which one of the following is not a recommended step individuals can use to weather a future financial crisis?
A)establish a smaller than usual emergency fund
B)consider converting investments to cash to preserve value
C)contact banks and credit card companies if you are unable to make payments
D)pay off credit cards
E)seek cheaper alternatives to frequently purchased items

Question

Quizplus · Accepted Answer

Establishing a smaller emergency fund is not recommended as it may not be sufficient to cover unexpected expenses during a financial crisis. It is recommended to build a larger emergency fund that can cover at least 3-6 months of living expenses.

Which One of the Following Is Not a Recommended Step