Which of the following investments would be considered the most appropriate savings vehicle for an emergency fund?
A)Savings account
B)Certificate of deposit
C)Blue chip stocks
D)Rare jewels

Question

Quizplus · Accepted Answer

A savings account is the most appropriate savings vehicle for an emergency fund because it offers liquidity (easy access to funds), low risk, and typically earns interest. Certificate of deposit, blue chip stocks, and rare jewels all have higher risks and/or lower liquidity which may make them unsuitable for an emergency fund.

Which of the Following Investments Would Be Considered the Most