In 2016, ____________ 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 for 2016, life insurance reserves were the least significant financial asset of U.S. households in terms of total value, with a total value of $276 billion. Real estate was the largest financial asset, followed by pension reserves, mutual fund shares, and debt securities.

In 2016, ____________ Was the Least Significant Financial Asset of U.S