Question

Major financial emergencies happen more often than minor emergencies.
O True
O False

Answer 1

Minor financial emergencies occur more frequently than major emergencies.

Step-by-step explanation:

The statement 'Major financial emergencies happen more often than minor emergencies' is False. In reality, minor financial emergencies occur more frequently than major emergencies. Major financial emergencies, such as bankruptcy or foreclosure, are relatively rare and usually occur due to significant financial issues. On the other hand, minor emergencies, such as unexpected car repairs or medical expenses, are more common and can arise more frequently.

Learn more about Frequency of major and minor financial emergencies