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Ulleksa [173]
3 years ago
11

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.
Mathematics
2 answers:
Alenkinab [10]3 years ago
7 0

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]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

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