Select the correct answer.
Which statement correctly identifies a difference between an...
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Mathematics, 25.04.2020 00:46 adantrujillo1234
Select the correct answer.
Which statement correctly identifies a difference between an emergency fund and a rainy-day fund?
A.
An emergency fund is larger and should have a balance equal to three to six months of income.
B.
A rainy-day fund is larger and should have a balance equal to three to six months of income.
C.
An emergency fund is smaller and used for minor unexpected expenses, such as replacing an appliance.
D.
A rainy-day fund is smaller and used for expenses that are planned.
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