BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
How can individuals be prepared for losing their job or having a large medical expense?
|
|
Maintain a checking account with sufficient funds
|
|
|
Pay credit card bills on time
|
|
|
Prepare a budget
|
|
|
Save at least three months of income
|
Explanation:
Detailed explanation-1: -Fidelity suggests setting aside at least 3 to 6 months’ worth of essential expenses to protect yourself from the financial fallout of a potential job loss or the loss of other income. If you’re single but have family backup, you might be comfortable with 3 months of savings.
There is 1 question to complete.