Why is it important for a rainy-day fund to be highly liquid? a. funds need to earn a high rate of return. b. funds need to be easily accessible. c. funds need to be stored in a safe place. d. funds need to be invested to achieve long-term savings goals.

B. Funds need to be easily accessible

This is so you can access it easily without paying a penalty

B. Funds need to be easily accessible.

Step-by-step explanation:

It is important for a rainy-day fund to be highly liquid because - Funds need to be easily accessible.

These funds should be easily accessible, without any penalty. Like - a high yield bank account, money market accounts etc.