EBK PERSONAL FINANCE
7th Edition
ISBN: 8220100659713
Author: KEOWN
Publisher: PEARSON
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Chapter 5, Problem 3DC1
Summary Introduction
To recommend:
Type of account for emergency fund and the amount of emergency savings to set aside.
Introduction:
Emergency fund refers to an account in which funds are set aside in the event of personal financial crisis like retrenchment from job, critical illness or any other major financial issue.
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