The most popular fire extinguishers are called ABC or Multipurpose. ABC denotes the kinds of fires that this extinguisher will extinguish. The “A” stands for ordinary combustibles such as wood, paper, fabrics, trash, etc. The “B” stands for burning liquids such as grease, oils, gasoline. The “C” means energized electrical fires such as a toaster, microwave, iron, etc.
Most businesses are required to have this particular fire extinguisher installed in the building because it handles most fire hazards. I recommend at least one 5- or 10-pound multipurpose dry chemical fire extinguisher for the home. If your house has two levels, than one should be placed on each level.