According to financial advisers,a person with monthly living expenses of $2,500 should maintain readily accessible savings of at least
A)$2,500.
B)$5,000.
C)$7,500.
D)$10,000.

Question

Quizplus · Accepted Answer

Financial advisers often recommend having an emergency fund that covers at least three months of living expenses to safeguard against unforeseen circumstances such as job loss or medical emergencies. Therefore, for monthly expenses of $2,500, the minimum recommended savings would be $7,500 (3 months x $2,500).

According to Financial Advisers,a Person with Monthly Living Expenses of $2,500