Question

What is a financial reserve? A. An amount of money that's been set aside for emergencies B. An amount of money that's been set aside for short-term goals C. A way of organizing finances to set and meet goals D. A plan for what you'll do with your money Please select the best answer from the choices provided A B C D

Answer 1

A

Step-by-step explanation:

While financial reserve is an amount set aside, for emergencies is most appropriate is because, emergencies may either be short-term or medium term depending on the way it comes. A reserve can always be used to cushion the effect of unexpected events.

Answer 2

A

Step-by-step explanation:

Financial reserve is an amount of money that is kept purely for the purpose of having cash on hand in the event of unexpected changes that might occur. It can also be said to be money set aside for purchase of fixed asset for an enterprises or a company.