Which of the following would be considered an 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 considered an appropriate savings vehicle for an emergency fund as it offers easy access to funds, low risk, and typically higher interest rates than a checking account. Certificate of deposits may offer higher interest rates but have penalties for early withdrawal, while blue chip stocks and rare jewels have higher risks and are not easily convertible to cash in an emergency.

Which of the Following Would Be Considered an Appropriate Savings