In 2012, ____________ was the least significant financial asset of U.S.households in terms of total value.
A)real estate
B)mutual fund shares
C)debt securities
D)life insurance reserves
E)pension reserves

Question

Quizplus · Accepted Answer

According to the Federal Reserve's Flow of Funds report from 2012, life insurance reserves were the least significant financial asset of U.S. households in terms of total value, with a value of $1.7 trillion compared to $29.5 trillion in real estate, $13.1 trillion in pension reserves, $7.6 trillion in mutual fund shares, and $6.7 trillion in debt securities.

In 2012, ____________ Was the Least Significant Financial Asset of U.S.households