Ask Question
3 May, 03:34

Which of the following is the best way to prepare for a financial emergency?

depositing a percentage of your paycheck into an interest-bearing savings account each month

using credit cards so that you can save your paycheck

donating a percentage of your paycheck to your favorite charity each month

investing a percentage of your paycheck in the stock market each month

+4
Answers (2)
  1. 3 May, 05:08
    0
    A

    Explanation:

    Should be A as your savings account will accrue interest and the stock market is volatile.
  2. 3 May, 05:52
    0
    The correct answer is letter "A": depositing a percentage of your paycheck into an interest-bearing savings account each month.

    Explanation:

    It is recommended that individuals save at least 20% of their paychecks. Those funds can be useful in front of financial hardship which could include changes in the overall economy or a massive lay-off at work. That money could be saved in a bank so that the individual takes advantage of the interest rates the bank offers for keeping the money saved. In such a way, the amount of money will be increasing slowly but safely. Bank accounts in the U. S. are covered by the Federal Deposit Insurance Corporation (FDIC).
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is the best way to prepare for a financial emergency? depositing a percentage of your paycheck into an ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers