Why is it important for a rainy-day fund to be highly liquid? A. Funds need to earn a high rate of return. B. Funds need to be e

Question

3 years ago

11

asily accessible. C. Funds need to be stored in a safe place. D. Funds need to be invested to achieve long-term savings goals.

2 answers:

Alenkinab [10] · Answer 1 · 2022-08-17T08:01:47+03:00

Answer:

B. Funds need to be easily accessible.

Step-by-step explanation:

It is important for a rainy-day fund to be highly liquid because - Funds need to be easily accessible.

These funds should be easily accessible, without any penalty. Like - a high yield bank account, money market accounts etc.

Gnoma [55] · Answer 2 · 2022-08-17T05:51:01+03:00

Gnoma [55]3 years ago

4 0

Answer: B. Funds need to be easily accessible

This is so you can access it easily without paying a penalty