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
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:
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.
Answer: B. Funds need to be easily accessible
This is so you can access it easily without paying a penalty
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check
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