In 2012, ____________ was the most significant real asset of U.S.households in terms of total value.
A)consumer durables
B)automobiles
C)real estate
D)mutual fund shares
E)bank loans

Question

Quizplus · Accepted Answer

Real estate was the most significant real asset of U.S. households in 2012 in terms of total value. According to the Federal Reserve's Flow of Funds report, the value of household real estate was $18.2 trillion, compared to $2.6 trillion for consumer durables, $1.2 trillion for automobiles, $2.9 trillion for mutual fund shares, and negative $0.2 trillion for bank loans (households owed more on loans from banks than they held in deposits).

In 2012, ____________ Was the Most Significant Real Asset of U.S.households