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Which term best describes the savings account that Isabel has set up, given its purpose?

Select the correct answer.

es

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O emergency fund

O mutual fund

Orainy-day fund

sinking fund

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Answer:

Emergency Fund

Step-by-step explanation:

Isabel has setup fund for her emergency needs. She has started saving with named as emergency fund so that she can use her savings when she is in severe needs. Isabel has saved money and then she is now saving her money in saving accounts in the bank.