When using the needs approach, several “special needs” should be consi

When using the needs approach, several “special needs” should be considered. One special need is money to cover unexpected events, such as major car repairs, dental bills, or home repairs. Money set aside for this purpose is called a(n)

A) estate clearance fund.
B) emergency fund.
C) readjustment period fund.
D) mortgage redemption fund.

ANSWER

Answer: B