9. Many people put aside money to take care of unexpected expenses. If Juan and Elva have money put aside for emergencies, in which of the following forms would it be of LEAST benefit to them if they needed it right away?
a.) Invested in a down payment on the house. Emergency accounts require liquidity. Thismeans that you must be able to get your money when you need it. You cannot do this with a house. Stocks are too volatile for such an account although you could in many instances sell stocks and use the money quickly.
To get the best interest rate, stay away from checking or savings accounts. Open a money market account with limited check writing abilities. b.) Checking account.
c.) Stocks.
d.) Savings account.
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