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5 November, 13:22

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

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  1. 5 November, 14:30
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    Answer: B. Funds need to be easily accessible

    This is so you can access it easily without paying a penalty
  2. 5 November, 14:32
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    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.
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