7
QuizMultiple Choice

Financial Reserves

Question 7 • FL-2102371-Personal Finance and Money Management

Peggy needs to pay car insurance 2 times every year. She has divided the payment by 6 and saves that amount each month. Which account below is the best account in which to save this money?a.401-K retirement fund with matching deposits from Peggy’s employer.b.A checking account, or a savings account for other expenses (predictable), and emergencies.c.A savings account for college tuition.d.Coin jar.

Answer
A
A
B
B
C
C
D
D
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