Final answer:
The best option for Rick's emergency fund, considering the need for accessibility in the next month, is a basic savings account due to its high liquidity and the absence of penalties for early withdrawal, unlike a certificate of deposit, money market funds, or bond funds. The correct option is c. basic savings account.
Step-by-step explanation:
Rick is looking for a suitable option to store his emergency fund, given that he has a seasonal job and may need to access this money within the next month. The most suitable type of savings plan for someone who requires quick access to their funds is typically a basic savings account.
This type of account offers a low rate of return, but it is highly liquid, meaning Rick can withdraw his money without penalties whenever necessary. As highlighted by the fact that a certificate of deposit (CD) usually locks in funds for a predetermined period and carries a substantial penalty for early withdrawal, this would not be an appropriate choice for Rick's needs.
Similarly, money market funds and bond funds might offer higher returns but also come with greater risk and less accessibility compared to a basic savings account.