In 2016, ____________ 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

According to the Federal Reserve's Flow of Funds report, real estate was the most significant real asset of U.S. households in terms of total value in 2016, with a value of $25.6 trillion. This was significantly higher than the value of consumer durables ($4.3 trillion), automobiles ($1.4 trillion), mutual fund shares ($4.4 trillion), and bank loans ($2.6 trillion).

In 2016, ____________ Was the Most Significant Real Asset of U.S