CFP Certification Examination (China)

Practice session

A financial planner is analyzing the emergency liquidity reserves for a dual-earner household in Shenzhen. The family has total liquid assets of ¥180,000 (demand bank deposits and money market funds) and total monthly necessary living expenditures (mortgage payment, food, utilities, basic insurance) of ¥30,000. What is the family's Emergency Fund Liquidity Ratio, and is it adequate according to standard financial planning guidelines?

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