Five hundred dollars in
readily available cash to be
used only in the event of an
unexpected expense
A Investment
B Nonprofit
C Emergency fund
D Sinking fund



Answer :

Final answer:

Cash holding, or emergency fund, is money set aside for unforeseen expenses, ensuring financial readiness.


Explanation:

Cash holding refers to the sum of money individuals reserve for unexpected expenses that may need immediate payment in cash. This reserve, known as an emergency fund, helps people be prepared for unforeseen financial needs. Cash holdings vary based on personal circumstances, locations, and situations, with individuals adjusting them continuously.


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