Select the most appropriate meaning of the underlined phrase.
Though very rich, Alexander always saves for a rainy day.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Saves money for later.
This phrase is used to describe the action of saving or setting aside money or resources for future needs or emergencies.
It implies being financially prudent and preparing for unexpected circumstances or hardships that may arise in the future.
Therefore, the most appropriate meaning of the underlined phrase in the context provided is to save money for later use.