When faced with financial emergencies, such as unemployment, individuals and families should first use:

a. emergency savings.

b. unemployment benefits.

c. borrowed money.

d. emergency savings and unemployment benefits.

Question

Social Studies

Liliana Mann

13 October, 09:34

When faced with financial emergencies, such as unemployment, individuals and families should first use:

a. emergency savings.

b. unemployment benefits.

c. borrowed money.

d. emergency savings and unemployment benefits.

+2

Answers (1)

Know the Answer?

Royce Baldwin · Answer 1

Option C - Emergency savings and unemployment benefits.

Explanation:

An emergency savings fund is a source of ready cash in case of an unplanned expense, an illness, or the loss of a job.

Unemployment benefits are payments made by authorized bodies to unemployed people. Benefits are funded by a compulsory governmental insurance system, not taxes on individual citizens.

When faced with financial emergencies, such as unemployment, individuals and families should first use:a. emergency savings.b. unemployment benefits.c. borrowed money.d. emergency savings and unemployment benefits.

When faced with financial emergencies, such as unemployment, individuals and families should first use:

a. emergency savings.

b. unemployment benefits.

c. borrowed money.

d. emergency savings and unemployment benefits.