In 2016, ____________ was the most significant 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 the fourth quarter of 2016, the total value of real estate owned by households in the U.S. was $24.4 trillion, making it the most significant asset. Mutual fund shares were the second largest asset, with a total value of $7.5 trillion, followed by pension reserves at $7.4 trillion. Debt securities and life insurance reserves were relatively smaller assets, with total values of $3.5 trillion and $2.5 trillion, respectively.

In 2016, ____________ Was the Most Significant Asset of U