According to Australian household balance sheet, the largest financial asset of Australian households is ________.

Question

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According to the Reserve Bank of Australia's household balance sheet, as of the June quarter of 2020, the largest financial asset of Australian households is insurance and superannuation reserves, which account for approximately 30% of their total financial assets. Mutual fund shares and corporate equity account for a smaller portion of their financial assets, while personal trusts account for a negligible amount.

According to Australian Household Balance Sheet, the Largest Financial Asset